Electricity Demand Rises in Northern Part of India Amidst Heatwaves
According to recent SectorVector Market Intelligence and Analytics report by CRISIL, power demand in North India increased by a staggering 22 percent year-on-year in June alone, fueled by temperatures soaring 5-8 degrees Celsius above normal.
July 09, 2024. By News Bureau
According to recent SectorVector Market Intelligence and Analytics report by CRISIL, power demand in North India increased by a staggering 22 percent year-on-year in June alone, fueled by temperatures soaring 5-8 degrees Celsius above normal.
“This surge is primarily attributed to increased usage of cooling appliances amidst the blistering heat, highlighting a critical need for robust energy infrastructure to meet peak demands.” said the report.
Besides northern regions, the impact of the heatwave has also been observed in northeastern, eastern, and western regions of the country which also reported significant year-on-year increases in power consumption, despite being at lower rates ranging from 3.5 percent to 8.3 percent.
However, southern states experienced a slight decline of 5.1 percent in power demand, benefiting from relatively milder weather conditions.
“Despite the early onset of the southwest monsoon, which typically offers relief from the summer heat, over 38 percent of districts across India reported deficient rainfall. Northern India, in particular, continues to reel under severe weather conditions, with half of its districts facing rainfall deficits. This imbalance in weather patterns underscores the persistent challenges in managing power supply against varying climatic extremes,” said the report.
The report further noted that the economic landscape has played a pivotal role in driving electricity consumption, with robust commercial and industrial activities contributing significantly to the overall demand surge. Thus, to meet rising demand for electricity, generators have been increasingly turning to the short-term power market, giving rise to short term market boom and further reflecting a dynamic response to fluctuating consumer needs and environmental conditions.
Going forward,while the prospect of stable power demand in the second quarter remains uncertain due to climatic factors influenced by La Nina, experts anticipate a moderate annual growth of 5.5-6.5 percent in the sector.
As India navigates through these challenges, ensuring a resilient and adaptive energy infrastructure will be crucial to sustaining economic growth and meeting future energy demands effectively.
please contact: contact@energetica-india.net.
Sharat Goyal
Founder
Impact Infracap Bridges Market Gaps for Key Renewable Energy Components
Pashu Gopalan
President & CEO
The Future of Distributed Solar in India: Market Potential, Growth, and Fenice Energy’s Role
Udit Garg
Director & CEO
India's Energy Security: A Multi-Faceted Challenge and Opportunity
Sangram Singh
Ecofy
Ecofy Enables Faster Renewable Energy Adoption with Smart Green Loans
Dinesh Arjun
Co-Founder and CEO
Raptee.HV Redefines Electric Two-Wheeler Efficiency with Innovative High-Voltage Architecture