Subdued energy demand leads to decline in thermal generation: India Ratings

The all-India energy demand during October 2019 declined 13.2 per cent year-on-year (YoY) for the third consecutive month to 98 billion units (BUs) on account of an extended monsoon and a fall in energy demand from industrial states.

According to a report by Shreyas Vaidya of India Ratings, the demand from States such as Maharashtra was down 22.4 per cent YoY, Gujarat (down 18.8 per cent YoY) and Tamil Nadu (down 5.2 per cent YoY) due to the economic slowdown.

All-India energy supply declined 13.0 per cent YoY in October 2019, resulting in a reduction in energy deficit to 0.5 per cent (October 2018: 0.7 per cent).