NEW DELHI: The demand for electricity and auto fuel is expected to go up as India approaches general elections, experts said.
According to data collated by Icra and the Indian Energy Exchange (IEX), the demand for electricity, petrol and diesel picked up in March of 2009 and 2014, just before general elections. While the 2009 elections were held in five phases from 16 April to 13 May, the 2014 elections were held over nine phases from 7 April to 12 May. Polling this year will be held in seven phases from 11 April to 19 May.
In 2009, the average electricity price in the spot market, having held steady at ₹5.52 per unit or kilowatt hour (kWh) in January, nearly doubled to ₹10.79 per unit in April, shows IEX data.
