look news india
New Delhi: The maximum power demand in the country fell to 230 GW last September, which was also the annual peak for the year. The maximum power recorded in September is less than the 260 GW estimated by the ministry. The demand in the same period of the last financial year was 243 GW.
The reason for this can be attributed to less rainfall in September compared to August. As stated by CRISIL Ratings. Power demand in the country fell for the second consecutive month last month to an estimated 141 billion units, down 0.3% from the same period last year, compared to the previous peak of 250 GW recorded in May.
On the other hand, power generation is estimated to have increased by about 2% year-on-year to about 152 billion units in September, more than meeting monthly demand.
Whereas coal and gas based power generation declined by 5% and 15% respectively during this month. According to CRISIL, power generation from hydro, nuclear and renewable energy increased by 40%, 9% and 7% respectively.
'Higher hydro power generation also weighed on the base effect as it declined by 26% in September 2023. As a result, the share of hydro power generation increased to 15% in September from 11% in the same month last year, while the share of coal power declined to 15%.
While the share of generation from renewable energy sources has increased, coal-based power is becoming the dominant source to meet power demand.
