Power demand cools in Nov, spot prices down 9%
India’s power demand cooled down an estimated 0.3% to 123 billion units (BUs) in November compared with 124 BUs a year ago due to lower temperatures. This comes after a nearly 6% on-month degrowth in October, according to Crisil Intelligence.
The country’s power demand is estimated to have declined approximately 0.1% on-year in the April-November period. However, India recorded a peak power demand of 216 GW in November 2025, the highest since FY16.
