India’s electricity demand has regained pre-Covid-19 levels and is also outpacing levels of last financial year. According to official data, Punjab and Rajasthan have recorded a demand increase of 9 per cent and 4 per cent, respectively. In Maharashtra and Gujarat, power demand grew by 1 per cent and 6 per cent, respectively.
Commenting on the power demand trend, Mohit Kumar, Research Analyst at IDFC Securities, said, “There has been an exceptional broad-based recovery in electricity growth. Anecdotal evidence also suggests that work is back especially in the Tier 2 and Tier 3 towns.”
According to data on the National Power Portal, the average all-India plant load factor (PLF) of thermal power projects stood at 48.81 per cent in August 2020, marginally up from 47.73 per cent in the August 2019. The PLF is an assessment of the total power generation capacity utilised as a percentage of total capacity installed.
The PLF for nuclear power stations is even higher, at 69.88 per cent in August 2020, compared to 59.92 per cent in August 2019.