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India’s energy consumption up 5 per cent in Nov, ETCFO
New Delhi, India’s energy consumption elevated by 5.14 per cent to 125.44 billion items in November this yr from 119.30 billion items in the identical month final yr, in keeping with official figures.
The rise in energy demand displays the upper stage of business and industrial exercise happening within the economic system.
A report by ICRA said that whereas there was a moderation in development within the earlier months, the full-year demand development is anticipated to stay affordable at 5.5 to six per cent. The decline in demand was as a result of a excessive base and the adversarial affect of heavy rainfall in the course of the monsoon months.
The best provide in a day (peak energy demand met) additionally rose marginally to 207.42 GW in November 2024 from 204.56 GW within the year-ago interval.
Coal inventory at energy crops improved in November. In line with the report, the coal inventory ranges at energy crops elevated to 13 days as of November 26 from 11.6 days as of October 31. This marked the reversal of the declining development over the previous six months.
The report added that whereas the inventory remained under the normative stage, they had been higher than the year-ago figures.
Given the subdued demand development and enchancment in technology from hydro and nuclear energy sources, the common tariffs within the day-ahead market (DAM) of the Indian Power Change (IEX) stood at Rs 3.3 per unit in November 2024, considerably decrease than Rs 3.9 per unit in October 2024. The report talked about that the spot energy tariffs had been at a three-year low in November and nearer to the long-term historic common of Rs 3 to three.5 per unit.
The height energy demand touched an all-time excessive of about 250 GW in Could. The earlier all-time excessive peak energy demand of 243.27 GW was recorded in September 2023.
–IANS
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