Power generation, demand continue to slide for fourth straight quarter

Power demand and generation declined across the country for the fourth quarter in a row because of the slowdown in the economy.

The trend was seen across both conventional and renewable energy (RE). According to a Motilal Oswal report, conventional electricity generation in December declined 2 per cent from the same period last year.

This was similar to the November data when total conventional power generation, which is mainly powered by coal, was down 6 per cent on a year-on-year basis.

Further, on a year-to-date basis, generation was down slightly by 0.1 per cent. Overall power generation was also down by 2 per cent year-on-year for the month of December, according to the report. RE generation increased a mere 3 per cent on a yearly basis, even as capacity addition continues to increase.