Powered by: Motilal Oswal
04-12-2023 02:37 PM | Source: Accord Fintech
India`s power consumption grows nearly 8.5% to 119.64 BU in November 2023
News By Tags | #India #Economy

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

India’s power consumption grows nearly 8.5% to 119.64 BU in November 2023

Dec-04-2023   12:21 Hrs IST

India’s power consumption grew nearly 8.5 per cent to 119.64 billion units (BU) in November 2023, showing a surge in electricity demand due to festivities and increased economic activities. In the year-ago period, power consumption stood at 110.25 BU, higher than 99.32 billion units recorded in November 2021.

The peak power demand met -- the highest supply in a day -- rose to 204.60 GW in November. The peak power supply stood at 187.34 GW in November 2022 and 166.10 GW in November 2021. The power ministry had estimated the country's electricity demand to touch 229 GW during summer. The demand did not reach the projected level in April-July due to unseasonal rain.

However, the peak supply touched a new high of 224.1 GW in June before dropping to 209.03 GW in July. Peak demand touched 238.19 GW in August. In September this year, it was 240.17 GW. The peak demand was 222.16 GW in October 2023.