Peak power demand climbs to fresh record
Financial Express Mumbai
|May 19, 2023
THE RISING HEATWAVE in India soared the country's peak power demand to a new high of 2,21,076 MW on Wednesday as per the Grid Controller of India Ltd, raising concerns about power shortages as temperatures continue to rise.
Of course, power minister RK Singh maintains that the country is well prepared to meet the additional demand and that there will be no major outages.
The peak demand beats the previous record of 2,11,856 MW last summer on June 10, 2022. It is 4.4% higher than the peak power demand of last year. It also crossed the peak demand of 2,15,882 MW met on April 18 this year.
The increased demand for power raised the average market clearing price to Rs 7.51 per unit on the Indian Energy Exchange at peak time of 14:50 hours.
This story is from the May 19, 2023 edition of Financial Express Mumbai.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Financial Express Mumbai
Financial Express Mumbai
Hybrid model poised to define edtech’s next phase
HYBRID LEARNING MODELS that combine physical centres with digital delivery are set to become the dominant operating format for the edtech sector in 2026, as companies recalibrate around profitability, predictable cash flows and student outcomes rather than scale at any cost.
1 mins
January 03, 2026
Financial Express Mumbai
CIL opens up auction to foreign buyers
RECENT YEARS OF reforms in the coal sector such as commercial coal mining by the private sector and free open market sale from captive mines have produced a surplus in the market, prompting the state-run miner Coal India on Friday to open up its e-auction to buyers from Bangladesh, Bhutan and Nepal, reports FE Bureau.
1 min
January 03, 2026
Financial Express Mumbai
Banks to see double-digit growth in Dec quarter
BANKS ARE EXPECTED to report double-digit growth in both advances and deposits in the December quarter, according to the provisional figures of 10 banks.
2 mins
January 03, 2026
Financial Express Mumbai
The Aravallis we saw
ROCKS OLDER THAN LIFE ON LAND
1 min
January 03, 2026
Financial Express Mumbai
Gig debate raises an online storm
Zomato founder's posts on strike draw brickbats and some bouquets
3 mins
January 03, 2026
Financial Express Mumbai
Nifty smashes record
Earnings outlook, positive global cues drive rally; investors richer by ₹4.33L cr
2 mins
January 03, 2026
Financial Express Mumbai
LIC launches scheme for lapsed policies
LIFE INSURANCE CORPORATION of India (LIC) on Wednesday announced an offer to revive lapsed policies, launching a Special Revival Campaign for individual policies from January 1 to March 2, 2026.
1 min
January 03, 2026
Financial Express Mumbai
X gets a govt message: Fix Grok or face action
Platform asked to file compliance report in 72 hours
2 mins
January 03, 2026
Financial Express Mumbai
Study abroad dreams await US deal
EDUCATION PLATFORMS PIN HOPES ON INDIA-US TRADE DEAL RESTORING NORMALCY
2 mins
January 03, 2026
Financial Express Mumbai
European factory activity contracts further in Dec
EURO ZONE MANUFACTURING activity shrank further in December but Asia's factory powerhouses closed 2025 on a firmer footing backed by a rebound in export orders and growing demand for AI, private surveys showed.
1 min
January 03, 2026
Translate
Change font size