India’s Power Use Sees Slowest Growth In Years on Cooler Weather

India’s electricity consumption in the fiscal year through March grew at the slowest pace in six years, after a mild summer reduced the use of air conditioners and copious rains curbed demand for farm irrigation.

Energy supplied by state power retailers during the year rose almost 1%, the worst performance since 2021 when electricity use declined due to the pandemic, according to data from the power ministry’s Central Electricity Authority. The past fiscal year also saw the first annual decline in peak power demand in at least two decades.