According to government data, India’s power consumption increased by nearly 13% year-on-year to 126.16 billion units in January 2023. The robust growth in power consumption indicates that economic activity maintained its momentum in January.
Experts previously predicted that power consumption and demand would rise in January due to the use of heating appliances, particularly in the country’s northern regions, and a further improvement in economic activity.
According to the data, power consumption in January 2022 was 111.80 billion units (BU), up from 109.76 BU in the same month in 2021. In January 2020, India’s electricity consumption stood at 105.15 BU.
In January 2023, the peak power demand met, which is the highest supply in a day, increased to 210.61 gigatonnes (GW).
In the pre-pandemic month of January 2020, the peak power demand met was 170.97 GW.
For feedback and suggestions, write to us at editorial@iifl.com
Related Tags
Invest wise with Expert advice
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.