India's power consumption dips by 2.3% to 119.07 billion units in Dec

Power consumption in December 2023 dipped 2.3% to 119.07 BU, the first monthly decline in 8 months, due to lower demand for heating equipment. Earlier in April 2023, power consumption dipped nearly 1.5% compared to the year ago period. The peak power demand met rose to 213.62 GW in December, crossing the 200 GW mark on December 14.

Experts attribute the lower consumption to mild winters in the first half of December, but demand rose after a sharp drop in temperature in the second half, especially in North India. NEW DELHI: The country's power consumption dipped 2.3 per cent to 119.07 Billion Units (BU) in December, marking its first monthly decline in eight months due to lower demand for heating equipment, especially in the north, on account of mild winter, according to government data.

Earlier in April 2023, power consumption had dipped nearly 1.5 per cent to 130.08 BU compared to 132.02 BU in the year ago period. In December 2022, power consumption stood at 121.91 BU, higher than 109.17 BU recorded in the same month a year ago, the data showed. The peak power demand met the highest supply in a day rose to 213.62 GW in December.

The peak power supply stood at 205.10 GW in December 2022 and 189.24 GW in December 2021. Experts said that power consumption as well as demand remained lower due to mild winters in the first fortnight of December. However, consumption and demand rose after mercury dipped sharply in the second half of the month, especially in North India.

The data showed that peak power demand touched 213.62 GW on December 29. It was recorded as low as 174.16 GW on December 3. It crossed the 200 GW mark on December 14, 2023, when it stood at 200.56 GW. 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 rains. The peak supply, 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 2023, it was 243.27 GW. The peak demand was 222.16 GW in October and 204.86 GW in November 2023.

Industry experts said 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 also a pick up in industrial activities ahead of the festive season.

Experts are expecting steady power consumption growth in the coming months due to an improvement in economic activities and an increase in the severity of winter. FOLLOW US ON SOCIAL MEDIA Visual Stories Previous 10 Most Affordable Cities in India to Buy a House business Most Visited Monuments in India business The Pros and Cons of Investing in Value Stocks business Investing in Small Cap Stocks: Top 10 Tips for Absolute Beginners business 10 Ways to Earn Money Online by Selling Physical Products business Richest Cricket Players Across the World business 10 Things You Didn’t Know About Warren Buffett’s Investment Process business Priyanka Chopra Net Worth: Know How Rich is Global Actress business Top 10 Benefits of Investing in Small Cap Stocks business 15 Best Tax Saving Schemes in India business Next 1 2 3 Elections Chhattisgarh CM News MP CM News Rajasthan Election Results MP Election Result 2023 Chhattisgarh Election Result Mizoram Election Result TOP TRENDS India Covid Cases ISRO XPoSat launch Horoscope Today David Warner Happy New Year 2024 Wishes PM Modi Ayodhya Visit.