For the first time in 35 years in India, the decline in annual electricity demand has been recorded. This has happened due to lockdown. Actually, the country was locked up due to Corona virus epidemic last year, due to which the consumption of electricity also decreased. However, now everything has been unlocked, both the production and consumption of electricity is being recorded.
India’s annual electricity consumption declined for the first time in the last 35 years in the financial year March. A review of government data done by Reuters shows that the main reason for this was the strict lockdown implemented across the country. It is worth noting that the analysis of daily load dispatch data from the Federal Grid operator POSOCO also showed that there has been a decline of 0.2 percent in electricity generation in the country compared to the previous year. There was a 6 percent drop in production during the lockdown period from March to August. According to the data, the decline in production was also recorded due to the decrease in consumption.
Demand for electricity increased by 23.2 percent in March 2021
According to the data, March 2021 saw an increase of 23.2 percent in the demand for electricity compared to the previous year. This was the seventh consecutive monthly increase in the financial year. Actually, when everything started unlocking in August, the demand for electricity also started increasing every month. Significantly, this is the highest monthly increase since 2010. In such a situation, it becomes clear that the power consumption during lockdown has reduced considerably.
Power consumption reduced due to lockdown
According to the data, the production of electricity in March 2021 has increased much faster than the average growth of 6 percent in the last 6 months. In fact, in the year 2020, due to the lockdown, there was a decrease in electricity consumption, then production had also fallen.
Demand for electricity is increasing continuously this year
At the same time, due to the high temperature recorded in March in northern India and increasing economic activities, the demand for electricity is increasing continuously this year. Air conditioning can also be used more. In such a situation, it is clear that in the coming time, both production and demand of electricity will be recorded.