Power Demand To Rise Up To Six Per Cent This Year: Crisil
POWER & RENEWABLE ENERGY

Power Demand To Rise Up To Six Per Cent This Year: Crisil

Crisil Intelligence projected that power demand will rise five point five to six point five per cent year on year in fiscal 2027, reaching 1,815 to 1,825 billion units (bn units) as El Nino conditions expected from July raise cooling needs. The agency cited higher temperatures, lower rainfall, steady economic growth and a low base of comparison. The outlook places the rise in demand at around six per cent for the current financial year.

Consumption in March stood at 149 bn units, up from 147 bn units a year earlier and the highest March level since at least 2010. Real time electricity market volumes in March rose 41.7 per cent year on year to 5,283 million units (mn units) from 3,727 mn units. Despite higher volumes, the average market clearing price in the real time market fell 10 per cent year on year to Rs 3.71 per unit, indicating ample system availability.

On the supply side, generation in March rose one point eight per cent year on year to 163 bn units, with all major fuels except gas recording gains. Renewable generation was supported by capacity additions after the country added 50.9 gigawatts of renewable capacity including small hydro in fiscal 2026. Coal based output edged up around zero point four per cent year on year and its share rose to 73 per cent in March from the fiscal 2026 average of 68 per cent.

Hydro and nuclear generation grew 13.8 per cent and eight point three per cent year on year respectively. The report said that rising temperatures and weather related factors, along with steady economic growth, are likely to support higher electricity consumption in the current financial year. Policymakers and utilities will need to balance demand growth with further renewable additions and system flexibility. The market outlook therefore points to a demand led recovery moderated by evolving supply dynamics.

Crisil Intelligence projected that power demand will rise five point five to six point five per cent year on year in fiscal 2027, reaching 1,815 to 1,825 billion units (bn units) as El Nino conditions expected from July raise cooling needs. The agency cited higher temperatures, lower rainfall, steady economic growth and a low base of comparison. The outlook places the rise in demand at around six per cent for the current financial year. Consumption in March stood at 149 bn units, up from 147 bn units a year earlier and the highest March level since at least 2010. Real time electricity market volumes in March rose 41.7 per cent year on year to 5,283 million units (mn units) from 3,727 mn units. Despite higher volumes, the average market clearing price in the real time market fell 10 per cent year on year to Rs 3.71 per unit, indicating ample system availability. On the supply side, generation in March rose one point eight per cent year on year to 163 bn units, with all major fuels except gas recording gains. Renewable generation was supported by capacity additions after the country added 50.9 gigawatts of renewable capacity including small hydro in fiscal 2026. Coal based output edged up around zero point four per cent year on year and its share rose to 73 per cent in March from the fiscal 2026 average of 68 per cent. Hydro and nuclear generation grew 13.8 per cent and eight point three per cent year on year respectively. The report said that rising temperatures and weather related factors, along with steady economic growth, are likely to support higher electricity consumption in the current financial year. Policymakers and utilities will need to balance demand growth with further renewable additions and system flexibility. The market outlook therefore points to a demand led recovery moderated by evolving supply dynamics.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code