India’s energy demand has jumped exponentially from 2013-14 to 2022-23, information exhibits
| Picture Credit score: S. Thanthoni
Energy consumption in India witnessed an on-year rise of practically 8% to 1,221.15 billion items (BU) in the course of the April-December interval of this fiscal, indicating a surge in financial actions. Compared, the ability consumption stood at 1,132.11 BU in April-December 2022-23.
Energy consumption in the whole fiscal 2022-23 was 1,504.26 BU, greater than the 1,374.02 BU witnessed within the 2021-22 monetary yr.
Change in energy consumption patterns
The Energy Ministry had estimated the nation’s electrical energy demand to the touch 229 GW throughout summer season in 2023. The demand didn’t attain the projected degree in April-July resulting from unseasonal rain. Nevertheless, the height demand touched a brand new excessive of 224.1 GW in June earlier than dropping to 209.03 GW in July 2023. The height demand touched 238.82 GW in August. In September this fiscal yr, it was at a document excessive of 243.27 GW. The height demand was 222.16 GW in October, 204.77 GW in November and 213.62GW in December 2023.
In line with specialists, energy consumption was affected in March, April, Might, and June this yr resulting from widespread rainfall. They mentioned energy consumption grew in August, September, and October, primarily resulting from humid climate circumstances and in addition perk up in industrial actions as a result of impact of festive rush.
The information exhibits that the ability demand has gone up by 50.Eight per cent in power phrases from 2013-14 to 2022-23. The height energy demand has gone up from 136 GW in 2013-14 to 243 GW in September 2023.
Talking concerning the rising energy demand earlier this month in a summit, Union Energy Minister R.Okay. Singh had knowledgeable that “By 2030, the height electrical energy demand is more likely to cross 400 GW, indicating the quick progress of the financial system. The demand grew at 9 per cent final yr, and is rising at 10 per cent this yr. Each day, the demand is Eight GW – 10 GW greater than the identical day of the earlier yr. There is no such thing as a different market as large and rising as quick as us.”
Mr. Singh had additionally mentioned that India will add sufficient capability to satisfy this burgeoning demand.