India’s power sector has shown great resilience in the wake of the COVID-19 pandemic with continued generation and supply of electricity to millions of households and business establishments. The proactive government interventions made during this time, especially the Rs 90,000 crore stimulus package, provided immediate relief to the distribution companies in managing and making up for the financial loss due to the reduced electricity demand.
The International Energy Agency data suggests that the global energy demand too fell by 3.8% in the first quarter of this year. The months of March and April witnessed the highest decline in demand as half of the world went into lockdown.
But now, as economic activities and business operations begin to shake off the COVID-19 impact, electricity demand is likely to rise consistently over the next few quarters.