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COVID 19 & Aftermath of Electric Power Demand Supply in India and Outlook 2022

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  • 450 Pages
  • June 2020
  • Region: India
  • Eninrac Consulting Private Limited
  • ID: 5203845

The unprecedented circumstances have already seen a decline of 25% and 21% from southern & western regions respectively, wherein the commercial and industrial demand absence is prevalent!

The entire world has never seen anything similar prior to dealing with a very stiff challenge prompted by the outbreak and then the gradual massive spread of COVID19. Naturally, it did not only put severe restraints on the economy and has tested the best of health infrastructure setups but also the backbone of necessary services. One such segment which needs no fresh introduction is the electric power segment. We typically do not realize the importance of the sector till a force majeure crisis like the novel coronavirus strikes. The first impression of the pandemic is a plunge in electric power demand in the country seen across all the regions. The worst decline is observed in southern and western regions with national demand tanking by 19%. The demand has seen a reduction of ~ 680 GWh from March 18 to April 18, 2020, itself wherein the peak summers are yet to be witnessed in the country. This necessitates a demand for in-depth research to unravel the future demand-supply scenarios for electric power. It is sure that with a severely impacted value chain the sector must cope with many cascading challenges in the near future if the country needs to be able to strike sustainability for the sector.

Moving forward the power generation mix shall be impacted as per the demand variance governed by the lowered commercial and industrial consumers mainly coupled with a spike in demand from domestic consumers as well.

The Business Case for Market Research on Electric Power Demand in India - With the above development chances for MNC’s China de-risk plan shall be a great shot in the arm for the economy in India. This shall augur well for a narrow - V-shaped recovery pushing GDP growth rate above 6% in a year’s time from now. Arguably, if that happens India shall see a spike in it’s power demand by 6-7% as well and that shall require equal growth in supply credentials as well. This clearly means that what shall be capacity augmentation at each state and how will the demand shape from commercial and industrial segments. But the quest which remains is how do we get an index based in-depth analysis which factors both the horizons of electric power demand and supply w.r.t to each region and funnelled to state wise matrix and has comprehensive coverage on the supply-chain issues, capacity additions by solar and wind & the market development through power exchanges supplemented by open-access markets as well.


  • First-hand sector knowledge and inputs
  • Primary research inputs from F2F interviews with domain experts
  • Experts insights and market reviews are taken into consideration
  • Validated data and analysis
  • Opportunity mapping and market sizing
  • Germinates from minds that think fresh to evolve path finding guide for all stakeholders through quality information and analysis
  • Free query handling and analyst support for three months from the date of report procurement

Key Highlights

  • Pandemic Impact on Indian Power Sector - Overview
  • Lockdown 3.0 to New Normal of Indian Power Sector - Power Generation, Transmission, Distribution and Market Transactions
  • Pre & Post COVID 19 Power Demand Supply Assessment - Regional Analysis
  • Cascading Impact of COVID 19 upon commercial categories of consumers & the business case of open access transactions - A Region Wise Split Examination
  • Aftermath of COVID 19 and the industrial consumers demand shape up - Tariff based factor analysis with state wise index based upon intense primary market research feed
  • Pandemic and the impact upon the domestic consumers - How shall the work from home alter power demand and supply under this category
  • Manufacturing reshoring from China to India - Definitive impact upon the power supply & demand dynamics on state-based index funnelled till city-wise parametric analysis
  • Insights
  • Cascading effect of COVID 19 upon power demand by commercial, industrial, domestic and agricultural consumers on state wise basis
  • Reshoring of MNC’s shifting manufacturing base from China to India and its impact upon the power demand shift with state-based index
  • The recovery path analysis under U, V and Narrow - V-shaped and their respective impact upon the power demand supply scenario in India
  • Special focus on meeting the demand needs in-depth analysis for supply strength and therefore shall involve an analysis factoring supply chain issues and capacity augmentation to rise in economic activity in the country
  • Outlook shape under different scenarios of recovery in the country for electric power demand supply as per consumer categories till 2022

Must Buy for

  • Power Transmission Utilities
  • Power Generation Companies
  • Power Distribution Utilities (DISCOMs)
  • Original Equipment Manufacturers
  • Power Traders
  • Banks/Financial Institutions/Project Financing Agencies
  • EPC Service Providers
  • Consultants
  • Research Firms/Research Institutions
  • Regulatory Bodies
  • Government Agencies

Table of Contents

  • Pandemic Impact on Indian Power Sector
  • Lockdown 3.0 & New Normal for Indian Power Sector
  • Power Demand & Supply Dynamics on regional basis
  • COVID 19 & Cascading Effect upon Commercial Consumers in India
  • Industrial demand shall come to the fore but by when under different regions?
  • The landscape for domestic consumers and the agricultural consumers post COVID19
  • Recovery Path Scenario Assessment with U, V & Narrow V Functions
  • Assessment of outlook for state wise power demand supply till 2022
  • Key state wise indexation for manufacturing base shift & our findings/recommendations

Companies Mentioned

A selection of companies mentioned in this report includes:

  • NTPC
  • BHEL
  • Siemens
  • GE
  • Kalpataru Power Transmission
  • Tata Power
  • Adani Power
  • Greenko
  • Sterlite Transmission
  • Sterling Wilson
  • Thermax Limited
  • McKInsey & Company
  • BSES