IIP data: Electricity production in August dips

Electricity production fell for the first time under new Index of Industrial Production (IIP (with base year 2011-2012) despite the government adding record number of new domestic connections. The 0.9 per cent fall in power generation during August 2019 as compared to August 2018 could be because State governments opted out from meeting the higher demand for power from domestic homes.

“As we dig deeper into the numbers, we understand that peak demand increased by 3.48 per cent but the energy met decreased by 0.41 per cent over August 2018 (during August 2019). There has been a significant reduction in energy requirement met of up to 10 per cent seen in Nagaland, Gujarat and Rajasthan.