Heavy monsoon rainfall has lowered India’s power demand growth in the past two months and led to the first time since the pandemic when coal-fired power generation fell year-over-year in two consecutive months. Electricity demand typically moderates during the monsoon season in India which is between June and September. This year, the excessive rainfalls also helped hydropower generation, further lowering demand for coal-fired electricity. The power generated from India’s coal plants declined by 5.8% in September versus a year earlier,…
