India's power consumption growth remained subdued at 1.4 per cent to 129.89 billion units (BU) in March 2024 as compared to the year-ago period mainly due to pleasant weather. In March 2023, power consumption stood at 128.12 BU, lower than 128.47 BU recorded in the same month a year earlier. The highest supply in a day (peak power demand) rose to 221.70 GW in March 2024 as opposed to 208.92 GW in March 2023 and 199.43 GW in March 2022.
The power ministry has estimated around 260 GW of peak demand during summer. It had estimated the country's electricity demand to touch 229 GW during summer in 2023, but it did not reach the projected level in April-July due to unseasonal rainfall.
However, peak supply touched a new high of 224.1 GW in June before dropping to 209.03 GW in July. Peak demand touched 238.82 GW in August 2023, while it was 243.27 GW in September, 222.16 GW in October, 204.77 GW in November, 213.79 GW in December 2023, 223.51 GW in January 2024 and 222.72 GW in February 2024.
