The all-India peak power demand in FY26 is expected to be 277 GW. Though 33 GW of power generation capacity was added in FY25, taking installed capacity to 475 GW, most of it comes from renewable energy sources, which is variable and diurnal in nature. India’s power sector has seen rapid growth, with economic growth propelling power demand to record highs each year. Between 2005 and 2022, per capita electricity consumption doubled from 631 units to 1255 units, making India world’s third largest electricity market. In FY25, India consumed 1,694 billion units of electricity, an increase of 33% over FY21, translating into a 5-year CAGR of 7.4%. In contrast, the 5-year CAGR of global power consumption was just 0.9% between 2020 and 2024, as per International Energy Agency (IEA) estimates. Further, India witnessed its highest ever peak demand of 250 GW in May 2024. The pace of rise in peak demand also witnessed a jump. While it took six years for peak demand to go up by 50 GW, from 150 GW in FY16 to around 200 GW in FY22, it took just three years thereafter to reach 250 GW. As per the 20th Electric Power Survey (EPS) of the Central Electricity Authority (CEA), the peak power demand is set to touch 334 GW and the electrical energy requirement is expected to reach 2,279 billion units in FY30. (ICE NEW DELHI)

Fonte notizia: Financial Express