With economic activities slowly picking pace, the all India energy demand improved in June as compared to May, says India Ratings.
The power demand for June was, however, was 10.9% lower than the corresponding period of 2019.
“The energy demand is showing signs of recovery as the decline in power demand narrowed in June as compared to May and April which was down 14.9% and 22.3%, respectively, due to the gradual lifting of lockdown for certain economic activities and an increase in domestic consumption with the extended summer season,” the agency said.
In June 2020, the all-India energy demand contracted 10.9% y-o-y for the fourth consecutive month to 105.6 billion units, while energy supply also decreased 10.9%, resulting in the energy deficit remaining at 0.4% as compared to June 2019, when it stood at 0.5%.
