According to the most recent official data made available by the Central Electricity Authority (CEA), India’s power consumption in fiscal 2022–23 (FY23) increased by 9.5 percent year over year (YoY) to 1,503.65 billion units (BU), mostly due to expansion in economic activities. In FY22, there were 1,374.02 BU consumed. In FY24, higher levels of demand and consumption are anticipated for electricity.
Additionally, the peak electricity consumption increased to 207.23 GW in FY23, up from 200.53 GW in FY22, and the power ministry predicts that it would likely reach 229 GW during the upcoming summer season.
In light of the increased demand, the government has instructed plants using imported coal to operate at full capacity.Additionally, imports for blending into domestic coal used by power plants have been requested. satisfy the anticipated surge in demand.
