India's power consumption dips by 1.1 per cent in April due to countrywide rains
India's power consumption in April 2023 was 130.57 billion units. In the year-ago period, power consumption stood at 132.02 billion units (BU), higher than 117.08 BU in April 2021, according to government data.
April is the month when temperatures around the country increase and so rises power consumption. But not this time around. Widespread rains around India prompted people to use lesser cooling appliances as the country's power consumption dipped for the second month in a row by 1.1 per cent to 130.57 billion units in April. In the year-ago period, power consumption stood at 132.02 billion units (BU), higher than 117.08 BU in April 2021, according to government data.
Not just in April, but power consumption was also affected in March this year, due to widespread rains in the country.
It dipped to 126.82 BU during the month under review from 128.47 BU a year ago.
The experts said that had there been no rains in March as well as April, power consumption would have shown a good growth in these months.
"Rains reduced the demand for electricity as people used fewer cooling appliances compared to the previous year," according to experts.
Further, experts are hopeful that power consumption and demand would grow May onwards, due to further improvement in economic activities as well as a rise in temperature during this summer season.
The data showed the peak power demand met, which is the highest supply in a day, rose to 215.88 GW in April 2023.
The peak power supply stood at 207.23 GW in April 2022 and 182.37 GW in April 2021.
Peak power demand is expected to touch 229 GW during this summer season, as per the power ministry estimates.
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
SIP vs PPF: How much corpus you can build in 15 years by investing Rs 1.5 lakh per year? Understand through calculations
SBI Senior Citizen Latest FD Rates: What senior citizens can get on Rs 7 lakh, Rs 14 lakh, and Rs 21 lakh investments in Amrit Vrishti, 1-, 3-, and 5-year fixed deposits
SBI Guaranteed Return Scheme: Know how much maturity amount you will get on Rs 2 lakh, 2.5 lakh, 3 lakh, 3.5 lakh and Rs 4 lakh investments under Amrit Vrishti FD scheme
SBI Senior Citizen FD Rate: Here's what State Bank of India giving on 1-year, 3-year, 5-year fixed deposits currently
Power of Compounding: How soon will monthly SIP of Rs 6,000, Rs 8,000, and Rs 10,000 reach Rs 5 crore corpus target?
02:53 PM IST