Power consumption has increased by nearly 9% to 1,099.90 billion units (BU) in the country during April–November this fiscal year compared to the same period a year ago, showing a surge in economic activities.
The power consumption in the country was 1,010.20 BU in April–November 2022–23, higher than 916.52 BU recorded in the same period of 2021–22.
Power consumption in the entire fiscal year 2022–23 was 1,504.26 BU, higher than the 1,374.02 BU witnessed in the 2021–22 financial year.
Industry experts said that around 9% growth in power consumption in the first eight months of this fiscal year shows buoyancy in the economy.
The power ministry had estimated the country's electricity demand to touch 229 GW during the summer.
The demand did not reach the projected level in April–July due to unseasonal rain.
The peak demand, however, touched a new high of 224.1 GW in June before dropping to 209.03 GW in July.
Peak demand touched 238.82 GW in August. In September this year, it was at a record high of 243.27 GW. The peak demand was 222.16 GW in October and 204.86 GW in November this year.
According to experts, power consumption was affected in March, April, May, and June this year due to widespread rainfall.
They said power consumption grew in August, September, and October, mainly due to humid weather conditions, and industrial activities also perked up due to the effect of the festive rush.
Earlier this week, Union Power Minister R K Singh told Lok Sabha in a written reply that the power demand has gone up by 50.8% in energy terms from 2013–14 to 2022–23.
The peak power demand has gone up from 136 GW in 2013-14 to 243 GW in September 2023, he informed the House.
"We have been able to meet the increase in demand because we added 194 GW of capacity between 2014 to 2023," he explained.
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