New Delhi, Dec. 4 -- Electricity demand declined 0.3 percent year-on-year in November, marking the second consecutive month of degrowth, says a report released by credit rating agency, CRISIL on Thursday.
Lower temperatures cooled power demand by an estimated 0.3 percent to 123 billion units (BUs) in November compared with 124 BUs a year ago. This comes after a nearly 6 percent on-month degrowth in October, the report notes.
Among others, Madhya Pradesh logged an 11 percent decline in demand due to severe cold wave conditions, while Rajasthan saw demand dip by 7 percent due to cold weather, the report says.
Degrowth in electricity consumption refers to the planned reduction of energy use and resource depletion to balance the economy with...