Domestic power consumption grows nearly 8 pc in first half of FY24

NEW DELHI: India’s electricity consumption grew nearly eight per cent to about 847 billion units (BU) in the first half of this fiscal year from April to September, showing uptick in economic activities in the country.

According to the official data, electricity consumption rose to about 847 BU during April-September 2023 from 786 BU in the same period of the previous fiscal. The industry experts opined that the widespread unseasonal rain in April, May and June has affected the power consumption as it could have grown in double digits in the country.

They stated that there was strong recovery of power demand as well as consumption in August onwards due to unusually high humidity level which increased the use of cooling appliances like fans, coolers and air conditioners. They also said power consumption grew in August and September, mainly due to humid weather conditions and also perked up industrial activities ahead of the festive season.

The data also shows that peak power demand touched a record high of 241 GW during April-September 2023 compared to 215.88 GW in the first half of fiscal 2022-23.

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.

The peak power demand, however, touched a new high of 224.1 GW in June before dropping to 209.03 GW in July. The peak power demand touched 238.19 GW in August and reached a record high of about 240 GW in September this year.