Power consumption in October rises marginally to 140.4 bn units

In October, India's power consumption saw a slight increase of about one percent, reaching 140.47 billion units (BU) compared to the same month last year. This growth is largely attributed to a heavier base effect. In October 2022, power consumption had increased by over 22 percent, rising from 113.94 BU to 139.44 BU. Additionally, the highest power demand met in a single day decreased to 219.22 GW in October 2024, down from 221.53 GW in the previous year.

The peak power demand touched an all-time high of about 250 GW in May this year. The previous all-time high peak power demand of 243.27 GW was recorded in September 2023. Earlier this year, the power ministry projected a peak power demand of 235 GW during the day and 225 GW during evening hours for May while 240 GW during daytime and 235 GW in the evening hours for June.

Join PSU Connect on WhatsApp now for quick updates! Click here

Read Also : Defense Stock, BEML surges over by 4.2%, here is price target for PSU stock

Experts noted that October 2024 was the warmest in many decades, according to official data. They observed that both power demand and consumption experienced only marginal growth, primarily due to a higher base effect.

Additionally, the decline in peak power demand during October indicates the onset of the winter season, particularly in Northern India, where electricity consumption tends to increase because of cooling appliances like air conditioners and desert coolers. However, they believe that power demand and consumption will remain steady in the coming days, supported by strong commercial and industrial activities.

Read Also : Indian Overseas Bank to receive Rs 1,359-crore income tax refund