Power demand wanes as key states get surplus rainfall; share of hydro power improves

Power demand in India declined for the second month in a row in September to an estimated ~141 billion units (BUs), down 0.3% on-year.

Meanwhile, 20 key states and Union Territories, which together account for ~75% of the power demand pie, received rainfall 37% above normal in September.

The on-year decline in power demand, though, was lower compared with August.

For the April-September period, power demand has increased ~5.4% on year.