Power Demand to Fall down in Financial Year 2021

Power Demand to Fall down in Financial Year 2021. For the safety purpose of an individual, people have started working from their homes. This has led to the reduction of usage of power. On analyzing the current scenario, we might see a reduction in power demand approximately by 6% in this financial year, as there are restrictions in many parts of the country in the lie of covid-19. ICRA had earlier estimated the de-growth as 1% in April 2020. The demand for Power fell by 16.2% year on year, in the first quarter of FY21. He further added that this might increase more if the lockdown still continues.