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Free Malaysia Today
5 days ago
- Business
- Free Malaysia Today
India coal-fired power output falls at fastest pace in five years in May
Renewable energy output surged to a record high of 24.7 billion kWh in May. (Wiki pic) SINGAPORE : India's coal-fired electricity generation in May fell at the fastest pace in five years, as overall power demand declined for the first time since August and renewable energy generation rose to a record high, a Reuters analysis of government data showed. Increased generation from less polluting power sources including hydro and nuclear also led to a decline in natural gas-fired power output, which fell at the steepest rate in nearly three years, a review of data from the federal power grid regulator Grid India showed. The decline in demand for fossil fuels for electricity generation in India – the second largest importer of coal and the fourth biggest buyer of liquefied natural gas (LNG) – comes at a time when benchmark prices of the fuels are under pressure. 'Demand from the power sector – typically strong during peak season – remained limited. Additionally, economic headwinds have weighed on non-power industries,' Indian coal trader I-Energy said in a note this week. Asian spot LNG prices LNG-AS have declined more than 15% this year, while benchmark prices of thermal coal have plunged to more than 4-year lows due to weak demand from China and India – the top coal importing countries. India's coal-fired power generation fell 9.5% in May on an annual basis to 113.3 billion kilowatt-hours (kWh), a review of data from the federal power grid regulator Grid India showed, marking the sharpest year-on-year decline since June 2020, when the COVID-19 pandemic led to a nationwide lockdown. A sustained slowdown in demand for fossil fuels for power generation could help the world's third largest emitter of greenhouse gases slash emissions after it previously boosted its reliance on coal to power a post-pandemic economic recovery. India has repeatedly cited lower per capita emissions compared with richer nations to defend its high coal use. Utilities in China and India have cut dependence on coal and LNG imports this year also due to record coal stocks and slower growth in power demand. India had forced gas-based power plants to operate last year to meet high power demand as temperatures soared. As power demand is lower and prices are high for gas-fired power to be competitive with other sources such as solar this year, utilities will buy fewer volumes, said Prashant Vashisth, vice president at Moody's affiliate ICRA. Total electricity generation in May fell 5.3% year-on-year to 160.4 billion kWh, the data showed, with the highest peak demand about 8% lower on-year at 231 GW, mainly due to milder temperatures, government officials said. Peak demand – a measure of the maximum electricity requirement over any given time – reached 250 GW during a heatwave in May 2024. Meanwhile, renewable energy output surged to a record high of 24.7 billion kWh in May, up 17.2% from a year earlier, with its share in the overall power mix rising to 15.4% – the highest since records began in 2018. The share of coal in India's power mix dropped to 70.7% in May, down from 74.0% a year earlier and the lowest level since June 2022, according to the Grid India data. Hydropower generation jumped 8.3% to 14.5 billion kWh, accounting for 9.0% of total generation compared to 7.9% in May 2024, the data showed. Natural gas-fired power generation fell 46.5% annually to 2.78 billion kWh in May, the steepest decline since October 2022.
Time of India
5 days ago
- Business
- Time of India
India's coal-fired power output dips at fastest pace in May; renewable energy surges record high; check reason behind
NEW DELHI: India's coal-fired electricity generation in May saw its steepest decline in five years, driven by a drop in overall power demand and a surge in renewable energy output, according to a Reuters analysis of government data. This marked the first fall in power demand since August and coincided with record-high generation from clean energy sources. The output from natural gas-powered stations also dropped significantly, marking the most substantial reduction in nearly three years, as revealed by Grid India data. This decline occurred alongside increased production from cleaner sources, including hydroelectric and nuclear facilities. This reduced requirement for fossil fuels in India's electricity sector, as the world's second-largest coal importer and fourth-biggest LNG purchaser, occurs during a period of market pressure on these fuel prices. "Demand from the power sector - typically strong during peak season - remained limited. Additionally, economic headwinds have weighed on non-power industries," Indian coal trader I-Energy said in a note this week, as per Reuters. Asian LNG prices have reduced by over 15 per cent this year, whilst thermal coal prices have fallen to their lowest in more than four years, affected by reduced demand from China and India, the primary coal-importing nations. Data from Grid India indicates that coal-fired power generation decreased by 9.5 per cent year-on-year to 113.3 billion kilowatt-hours (kWh) in May, representing the largest annual decline since June 2020, when COVID-19 restrictions were in effect. Both Chinese and Indian utilities have reduced their reliance on imported coal and LNG this year, influenced by substantial coal reserves and slower electricity demand growth. Last year, India required gas-based power stations to operate during high demand periods caused by elevated temperatures. Government data shows that the total electricity generation in May 2025 dropped 5.3% year-on-year to 160.4 billion kilowatt hours (kWh), mainly due to cooler temperatures, officials said. Peak power demand was also 8% lower at 231 GW, compared to 250 GW during a heatwave in May 2024. Despite the overall dip, renewable energy output surged 17.2% to a record 24.7 billion kWh, making up 15.4% of the total power mix — the highest share since 2018. The share of coal-based power dropped to 70.7%, down from 74% a year ago — the lowest since June 2022. Hydropower generation rose 8.3% to 14.5 billion kWh, accounting for 9% of total power output. In contrast, natural gas-based generation fell sharply by 46.5% to 2.78 billion kWh, marking the steepest fall since October 2022. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
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Business Standard
5 days ago
- Business
- Business Standard
India coal-fired power output falls at fastest pace in five years in May
India's coal-fired electricity generation in May fell at the fastest pace in five years, as overall power demand declined for the first time since August and renewable energy generation rose to a record high, a Reuters analysis of government data showed. Increased generation from less polluting power sources including hydro and nuclear also led to a decline in natural gas-fired power output, which fell at the steepest rate in nearly three years, a review of data from the federal power grid regulator Grid India showed. The decline in demand for fossil fuels for electricity generation in India - the second largest importer of coal and the fourth biggest buyer of liquefied natural gas (LNG) - comes at a time when benchmark prices of the fuels are under pressure. "Demand from the power sector - typically strong during peak season - remained limited. Additionally, economic headwinds have weighed on non-power industries," Indian coal trader I-Energy said in a note this week. Asian spot LNG prices have declined more than 15 per cent this year, while benchmark prices of thermal coal have plunged to more than 4-year lows due to weak demand from China and India - the top coal importing countries. India's coal-fired power generation fell 9.5 per cent in May on an annual basis to 113.3 billion kilowatt-hours (kWh), a review of data from the federal power grid regulator Grid India showed, marking the sharpest year-on-year decline since June 2020, when the COVID-19 pandemic led to a nationwide lockdown. A sustained slowdown in demand for fossil fuels for power generation could help the world's third largest emitter of greenhouse gases slash emissions after it previously boosted its reliance on coal to power a post-pandemic economic recovery. India has repeatedly cited lower per capita emissions compared with richer nations to defend its high coal use. Utilities in China and India have cut dependence on coal and LNG imports this year also due to record coal stocks and slower growth in power demand. India had forced gas-based power plants to operate last year to meet high power demand as temperatures soared. As power demand is lower and prices are high for gas-fired power to be competitive with other sources such as solar this year, utilities will buy fewer volumes, said Prashant Vashisth, vice president at Moody's affiliate ICRA. Total electricity generation in May fell 5.3 per cent year-on-year to 160.4 billion kWh, the data showed, with the highest peak demand about 8 per cent lower on-year at 231 GW, mainly due to milder temperatures, government officials said. Peak demand - a measure of the maximum electricity requirement over any given time - reached 250 GW during a heatwave in May 2024. Meanwhile, renewable energy output surged to a record high of 24.7 billion kWh in May, up 17.2 per cent from a year earlier, with its share in the overall power mix rising to 15.4 per cent - the highest since records began in 2018. The share of coal in India's power mix dropped to 70.7 per cent in May, down from 74.0 per cent a year earlier and the lowest level since June 2022, according to the Grid India data. Hydropower generation jumped 8.3 per cent to 14.5 billion kWh, accounting for 9.0 per cent of total generation compared to 7.9 per cent in May 2024, the data showed. Natural gas-fired power generation fell 46.5 per cent annually to 2.78 billion kWh in May, the steepest decline since October 2022.
Time of India
5 days ago
- Business
- Time of India
India coal power output drops 9.5% in May at fastest pace in five years
India's coal-fired electricity generation in May fell at the fastest pace in five years, as overall power demand declined for the first time since August and renewable energy generation rose to a record high, a Reuters analysis of government data showed. Increased generation from less polluting power sources including hydro and nuclear also led to a decline in natural gas-fired power output, which fell at the steepest rate in nearly three years, a review of data from the federal power grid regulator Grid India showed. The decline in demand for fossil fuels for electricity generation in India - the second largest importer of coal and the fourth biggest buyer of liquefied natural gas (LNG) - comes at a time when benchmark prices of the fuels are under pressure. "Demand from the power sector - typically strong during peak season - remained limited. Additionally, economic headwinds have weighed on non-power industries," Indian coal trader I-Energy said in a note this week. Asian spot LNG prices have declined more than 15 per cent this year, while benchmark prices of thermal coal have plunged to more than 4-year lows due to weak demand from China and India - the top coal importing countries. India's coal-fired power generation fell 9.5 per cent in May on an annual basis to 113.3 billion kilowatt-hours (kWh), a review of data from the federal power grid regulator Grid India showed, marking the sharpest year-on-year decline since June 2020, when the COVID-19 pandemic led to a nationwide lockdown. A sustained slowdown in demand for fossil fuels for power generation could help the world's third largest emitter of greenhouse gases slash emissions after it previously boosted its reliance on coal to power a post-pandemic economic recovery. India has repeatedly cited lower per capita emissions compared with richer nations to defend its high coal use. Utilities in China and India have cut dependence on coal and LNG imports this year also due to record coal stocks and slower growth in power demand. India had forced gas-based power plants to operate last year to meet high power demand as temperatures soared. As power demand is lower and prices are high for gas-fired power to be competitive with other sources such as solar this year, utilities will buy fewer volumes, said Prashant Vashisth, vice president at Moody's affiliate ICRA. Total electricity generation in May fell 5.3 per cent year-on-year to 160.4 billion kWh, the data showed, with the highest peak demand about 8 per cent lower on-year at 231 GW, mainly due to milder temperatures, government officials said. Peak demand - a measure of the maximum electricity requirement over any given time - reached 250 GW during a heatwave in May 2024. Meanwhile, renewable energy output surged to a record high of 24.7 billion kWh in May, up 17.2 per cent from a year earlier, with its share in the overall power mix rising to 15.4 per cent - the highest since records began in 2018. The share of coal in India's power mix dropped to 70.7 per cent in May, down from 74.0 per cent a year earlier and the lowest level since June 2022, according to the Grid India data. Hydropower generation jumped 8.3 per cent to 14.5 billion kWh, accounting for 9.0 per cent of total generation compared to 7.9 per cent in May 2024, the data showed. Natural gas-fired power generation fell 46.5 per cent annually to 2.78 billion kWh in May, the steepest decline since October 2022.
Yahoo
5 days ago
- Business
- Yahoo
India coal-fired power output falls at fastest pace in five years in May
By Sudarshan Varadhan and Sethuraman N R SINGAPORE (Reuters) - India's coal-fired electricity generation in May fell at the fastest pace in five years, as overall power demand declined for the first time since August and renewable energy generation rose to a record high, a Reuters analysis of government data showed. Increased generation from less polluting power sources including hydro and nuclear also led to a decline in natural gas-fired power output, which fell at the steepest rate in nearly three years, a review of data from the federal power grid regulator Grid India showed. The decline in demand for fossil fuels for electricity generation in India - the second largest importer of coal and the fourth biggest buyer of liquefied natural gas (LNG) - comes at a time when benchmark prices of the fuels are under pressure. "Demand from the power sector - typically strong during peak season - remained limited. Additionally, economic headwinds have weighed on non-power industries," Indian coal trader I-Energy said in a note this week. Asian spot LNG prices have declined more than 15% this year, while benchmark prices of thermal coal have plunged to more than 4-year lows due to weak demand from China and India - the top coal importing countries. India's coal-fired power generation fell 9.5% in May on an annual basis to 113.3 billion kilowatt-hours (kWh), a review of data from the federal power grid regulator Grid India showed, marking the sharpest year-on-year decline since June 2020, when the COVID-19 pandemic led to a nationwide lockdown. A sustained slowdown in demand for fossil fuels for power generation could help the world's third largest emitter of greenhouse gases slash emissions after it previously boosted its reliance on coal to power a post-pandemic economic recovery. India has repeatedly cited lower per capita emissions compared with richer nations to defend its high coal use. Utilities in China and India have cut dependence on coal and LNG imports this year also due to record coal stocks and slower growth in power demand. India had forced gas-based power plants to operate last year to meet high power demand as temperatures soared. As power demand is lower and prices are high for gas-fired power to be competitive with other sources such as solar this year, utilities will buy fewer volumes, said Prashant Vashisth, vice president at Moody's affiliate ICRA. Total electricity generation in May fell 5.3% year-on-year to 160.4 billion kWh, the data showed, with the highest peak demand about 8% lower on-year at 231 GW, mainly due to milder temperatures, government officials said. Peak demand - a measure of the maximum electricity requirement over any given time - reached 250 GW during a heatwave in May 2024. Meanwhile, renewable energy output surged to a record high of 24.7 billion kWh in May, up 17.2% from a year earlier, with its share in the overall power mix rising to 15.4% - the highest since records began in 2018. The share of coal in India's power mix dropped to 70.7% in May, down from 74.0% a year earlier and the lowest level since June 2022, according to the Grid India data. Hydropower generation jumped 8.3% to 14.5 billion kWh, accounting for 9.0% of total generation compared to 7.9% in May 2024, the data showed. Natural gas-fired power generation fell 46.5% annually to 2.78 billion kWh in May, the steepest decline since October 2022.
