New Delhi, Nov. 13 -- India's power demand slumped 5.2 per cent year-on-year in October 2025, dragged down by unseasonal rainfall and lower temperatures that reduced the need for cooling loads, according to a power sector update by Nuvama Research.

Average temperatures in October dropped to 25.6 degrees Celsius, compared to 27.1 degrees Celsius last year, cooling demand nationwide. Peak power requirement also slipped to 210 GW, down from 219 GW in October 2024.

Thermal power generation was particularly affected, with the all-India plant load factor (PLF) plunging to 57.5 per cent, marking a four-year low. NTPC's PLF declined sharply to 68 per cent from 78.1 per cent a year earlier.

But, despite subdued demand, thermal power continued t...