 "Budget 2021-22 wishlist: Here are the key challenges in power sector")
Key points
Covid-19 had significant impact on the demand, revenues and bottomlines of power utilities. Firms are pulling all the traditional downturn levers, such as reductions in capital expenditures and cash conservation.
The generation capacity expanded (around 7% growth over past 5 years) ahead of demand (around 4%), which places it well to meet the emerging needs of recently connected households and electrification of transport.
Renewable generation grew in share from 6% to 11% in the past 5 years making a credible and continued progress towards our climate change commitments.
The prices
Covid-19 had significant impact on the demand, revenues and bottomlines of power utilities. Firms are pulling all the traditional downturn levers, such as reductions in capital expenditures and cash conservation.
The generation capacity expanded (around 7% growth over past 5 years) ahead of demand (around 4%), which places it well to meet the emerging needs of recently connected households and electrification of transport.
Renewable generation grew in share from 6% to 11% in the past 5 years making a credible and continued progress towards our climate change commitments.
The prices
