Power consumption grows 16.5 pc in first 12 days of March

By: |
March 14, 2021 11:17 AM

The peak power demand met, which is the highest supply in a day, during this 12-day period of March 2021 remained well above the highest record of 170.16 GW in the entire March 2020.

power consumption, power demand, revival of economic activities, erk-up in commercial and industrial requirement of electricity, power consumption, power demandThey expect power consumption in this entire month to be higher than 98.95 BU recorded in March 2020.

Power consumption in the country grew 16.5 per cent in the first 12 days of this month at 47.67 billion units over the corresponding period a year ago, showing a revival in the economic activities, according to power ministry data. Power consumption during March 1-12 last year was recorded at 40.92 BU.

On the other hand, the peak power demand met, which is the highest supply in a day, during this 12-day period of March 2021 remained well above the highest record of 170.16 GW in the entire March 2020. Till March 12, 2021, peak power demand met touched the highest level of 186.03 GW on March 11, 2021, and recorded a growth of 9.3 per cent over 170.16 GW a year ago.
The highest daily peak power demand met of 1701.16 was recorded on March 3, 2020.

Experts are of the view that the rise in power demand and consumption indicates that the impact of pandemic-induced lockdown and sluggish economic conditions has tapered off. They exuded confidence that power consumption and demand could record a double digit growth during March this year in view of rising mercury and perk-up in commercial and industrial requirement of electricity.

They expect power consumption in this entire month to be higher than 98.95 BU recorded in March 2020. The government had imposed a nationwide lockdown on March 25, 2020, to contain the spread of COVID-19. After a gap of six months, power consumption recorded a 4.6 per cent year-on-year growth in September and 11.6 per cent in October.

In November 2020, the power consumption growth slowed to 3.12 per cent, mainly due to the early onset of winters. In December, power consumption grew by 4.5 per cent while it was 4.4 per cent in January 2021. Power consumption in February this year recorded higher at 104.11 BU compared to 103.81 BU last year despite the fact that 2020 was a leap year.

Do you know What is Cash Reserve Ratio (CRR), Finance Bill, Fiscal Policy in India, Expenditure Budget, Customs Duty? FE Knowledge Desk explains each of these and more in detail at Financial Express Explained. Also get Live BSE/NSE Stock Prices, latest NAV of Mutual Funds, Best equity funds, Top Gainers, Top Losers on Financial Express. Don’t forget to try our free Income Tax Calculator tool.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Fitch Ratings affirms BBB- rating, says COVID-19 surge may delay economic recovery
2Covid-19 vaccination: Vaccinating everyone above 18 years to cost just 0.36% of GDP, says India Ratings
3Indian footprint expands in UK despite Covid crisis, finds new ‘India Meets Britain Tracker’