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 due to fewer economic activities in the country.
The COVID-19 situation affected power consumption for six months in a row from March to August this year. Power consumption on year-on-year basis declined 8.7 per cent in March, 23.2 per cent in April, 14.9 per cent in May, 10.9 per cent in June, 3.7 per cent in July and 1.7 per cent in August.
[source: businesstoday.com, 1/11/2020]