India's power consumption rises 3.5% to 145.40 billion units in July
The peak power demand touched an all-time high of 250.20 GW in May this year.
India's power consumption rose a meagre 3.5 per cent to 145.40 Billion Units (BU) in July compared to the year-ago period as rainfall brought down temperatures from the scorching heat.
In July 2023, the power consumption stood at 140.41 BU, according to official data.
The highest supply in a day (peak power demand met) also rose to 226.63GW in July 2024 against 208.95 GW in the year-ago month.
The peak power demand touched an all-time high of 250.20 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 daytime and 225 GW during evening hours for May and 240 GW during daytime and 235 GW during evening hours for June 2024.
The ministry also estimated that peak power demand may hit 260 GW this summer.
Experts said with the onset of the monsoon in the country, the consumers got relief from the scorching heat and humidity which led to lesser use of cooling appliances like air conditioners and desert coolers.
This led to a decline in power consumption as well as growth in power demand in the country, they pointed out.
However, they opined that the demand for power as well as consumption will be steady in the coming days due to high humidity which makes use of air conditioners inevitable.
According to the Indian Meteorological Department (IMD), the monsoon has covered the entire country and widespread rains are likely at various places across India.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
EPFO Pension Schemes: Early pension, retirement pension, nominee pension and 4 other pension schemes that every private sector employee should know
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
04:08 PM IST