Power Consumption: Electricity consumption in the country has increased by about eight per cent to 1,221.15 billion units (BU) in the first nine months of the current financial year (April-December). This is a sign of a boom in economic activities. The demand for electricity in the country in April-December, 2022-23 was 1,132.11 billion units. An increase in electricity consumption is a sign of an increase in economic activities.

Industry experts said that the eight per cent increase in electricity consumption in the first nine months of the current financial year is a sign of an increase in economic activities. Electricity consumption for the entire financial year 2022-23 was 1,504.26 billion units, which was 1,374.02 billion units in 2021-22.

Electricity demand at record level in September 

 The power ministry had estimated that the country’s electricity demand would reach 229 GW during the summer in 2023. Due to unseasonal rains the demand in April-July did not reach the expected level. However, peak demand touched a new high of 224.1 GW in June before falling to 209.03 GW in July 2023. Maximum demand reached 238.82 GW in August. It was at a record high of 243.27 GW in September of this financial year.

Electricity demand will reach 400 GW by 2030 

 The maximum demand was 222.16 GW in October, 204.77 GW in November and 213.62 GW in December, 2023. According to experts, due to excessive rainfall this year, electricity consumption was affected in March, April, May and June. In a conference this month, Union Power Minister RK Singh said that the maximum electricity demand in the country will reach 400 GW by 2030.