Demand for electricity across India could rise 7% in FY23
POWER & RENEWABLE ENERGY

Demand for electricity across India could rise 7% in FY23

According to Icra, the demand for electricity across the entire country is anticipated to increase 7% to 1,480 billion units (BU) in the current fiscal year.

The demand for electricity across all of India was 1,380 BU in the previous fiscal year 2021–2022.

Despite a slowdown in growth after the first quarter of this fiscal year, all-India electricity demand is expected to remain healthy at over 7% in FY23 and expand at 5-5.5% in FY24.

The predictions are based on the fact that during the first eight months of FY2023, during a severe heat wave in north and central India, the demand for power climbed across the country by 10.6% on an annual basis.

The average thermal PLF (plant load factor) level for gencos/IPPs (power generation companies/independent power producers) at the all-India level is improving as a result of rising energy demand and moderate capacity increase in the thermal segment.

Also read:
Govt to take steps to meet 230 GW peak demand in April 2023
CCI clears Tanweer Infrastructure's acquisition


According to Icra, the demand for electricity across the entire country is anticipated to increase 7% to 1,480 billion units (BU) in the current fiscal year. The demand for electricity across all of India was 1,380 BU in the previous fiscal year 2021–2022. Despite a slowdown in growth after the first quarter of this fiscal year, all-India electricity demand is expected to remain healthy at over 7% in FY23 and expand at 5-5.5% in FY24. The predictions are based on the fact that during the first eight months of FY2023, during a severe heat wave in north and central India, the demand for power climbed across the country by 10.6% on an annual basis. The average thermal PLF (plant load factor) level for gencos/IPPs (power generation companies/independent power producers) at the all-India level is improving as a result of rising energy demand and moderate capacity increase in the thermal segment. Also read: Govt to take steps to meet 230 GW peak demand in April 2023 CCI clears Tanweer Infrastructure's acquisition

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