India's power consumption grew 13.38 per cent to 110.94 billion units (BU) in October this year, mainly driven by buoyancy in industrial and commercial activities, as per government data. Electricity consumption in the country was recorded at 97.84 BU in October 2019, showed the power ministry data. Experts earlier last month had exuded confidence that the power consumption would grow by double digits in October on the basis of the extrapolation of half-month data. The power consumption had grown 11.45 per cent to 55.37 BU during October 1 to 15, against 49.67 BU, in the corresponding period a year ago. A double-digit growth in power consumption in October, experts said, gives sufficient indication that commercial and industrial demand has perked up with with easing of lockdown restrictions and will improve further in coming months. The government had imposed nationwide lockdown on March 25 to contain the spread of COVID-19. Power consumption started declining from March onwards
The extrapolation of half-month data gives sufficient indication that power consumption may witness year-on-year double digit growth this month
Odisha Chief Minister Naveen Patnaik said that the electricity consumption has reached pre-COVID levels in the state which indicates that industrial and other business activities are picking up
The slump in overall power consumption has narrowed to just 0.85 per cent in August at 110.57 billion units (BU) amid considerable rise in economic activities
The latest data of the power ministry shows that power consumption has improved after government started giving relaxations for economic activities and onset of summers
The months of April, May and June this year witnessed low power consumption on account of lower commercial and industrial activities due to Covid-19-related restrictions
Other indicators such as power generation and visits pharmacy stores also point to increased activity, though the overall picture suggests a return normalcy is still in process
As the country unlocks, some distribution companies see a return of demand
Overall electricity generation fell 14.3% in May, a Reuters analysis of provisional government data showed, compared with a decline of 24% in April
Massive contraction recorded amid a nationwide lockdown to contain the spread of coronavirus
Nearly 85% of the state's industrial units have resumed operations
Electricity generation from coal - India's primary source of electricity - fell 32.3% to 1.91 billion units per day, the data showed
The inherent weaknesses of India's power sector are getting exacerbated in this scenario
Its pre-pandemic crisis is likely to worsen with the prolonged lockdown unless the government offers some vital concessions
The economic growth slowdown is a "reality" but all should keep a forward-looking approach to come out of it, he told PTI
Globally, power purchase agreements for renewable energy signed by corporations have already crossed the 15 gigawatts mark this year
Data on diesel, another fuel closely tied to industrial performance, offers more evidence of the slowing factory demand
While the grid-connected consumer opts for diesel power, the off-grid consumer burns kerosene