North India's Power Demand Rises 22% YoY Due to Heatwave: CRISIL
POWER & RENEWABLE ENERGY

North India's Power Demand Rises 22% YoY Due to Heatwave: CRISIL

In June 2024, North India's power demand surged by 22 per cent compared to the previous year due to an extended heatwave, as reported by CRISIL Market Intelligence & Analytics (MI&A). The heatwave caused temperatures to rise 5-8?C above normal, leading to increased usage of cooling appliances and higher power consumption.

Other regions in India also experienced a rise in power consumption: the northeastern region saw an 8.3 per cent increase, the eastern region 7.8 per cent, and the western region 3.5 per cent. However, power demand in the southern states decreased by 5.1 per cent. Despite the early arrival of the southwest monsoon, 38 per cent of districts in India faced deficient rainfall between June 1 and July 4, which worsened the power demand situation. The northern region was particularly affected, with half of its 209 districts reporting deficient rainfall.

The report noted that Real-Time Market (RTM) volumes on the Indian Energy Exchange (IEX) in the northern region increased by 181 per cent in June. This significant demand spike was met with only an 8 per cent price increase, thanks to higher supplies from coal and gas plants. Nationally, power demand grew by 8 per cent year-on-year to 152 billion units (BU) in June, following a 14 per cent growth in May. Economic activity contributed to this rise, with the Purchasing Managers Index (PMI) increasing to 58.3 in June from 57.5 in May. Peak power consumption in June reached 245.41 GW, following a record high of 250 GW in May.

The report also highlighted a booming short-term power market, with RTM volumes rising by 20 per cent year-on-year in June. This increase indicates the growing need for immediate power delivery during sudden high demand periods. RTM volume share on the IEX climbed to 30 per cent in June, up from an average of 23 per cent since its inception in June 2020.

In June 2024, North India's power demand surged by 22 per cent compared to the previous year due to an extended heatwave, as reported by CRISIL Market Intelligence & Analytics (MI&A). The heatwave caused temperatures to rise 5-8?C above normal, leading to increased usage of cooling appliances and higher power consumption. Other regions in India also experienced a rise in power consumption: the northeastern region saw an 8.3 per cent increase, the eastern region 7.8 per cent, and the western region 3.5 per cent. However, power demand in the southern states decreased by 5.1 per cent. Despite the early arrival of the southwest monsoon, 38 per cent of districts in India faced deficient rainfall between June 1 and July 4, which worsened the power demand situation. The northern region was particularly affected, with half of its 209 districts reporting deficient rainfall. The report noted that Real-Time Market (RTM) volumes on the Indian Energy Exchange (IEX) in the northern region increased by 181 per cent in June. This significant demand spike was met with only an 8 per cent price increase, thanks to higher supplies from coal and gas plants. Nationally, power demand grew by 8 per cent year-on-year to 152 billion units (BU) in June, following a 14 per cent growth in May. Economic activity contributed to this rise, with the Purchasing Managers Index (PMI) increasing to 58.3 in June from 57.5 in May. Peak power consumption in June reached 245.41 GW, following a record high of 250 GW in May. The report also highlighted a booming short-term power market, with RTM volumes rising by 20 per cent year-on-year in June. This increase indicates the growing need for immediate power delivery during sudden high demand periods. RTM volume share on the IEX climbed to 30 per cent in June, up from an average of 23 per cent since its inception in June 2020.

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?