India’s power demand for Nov. 1-12 is estimated to 168 aGW, which is 23 aGW higher year on year. The strong demand is driven by warmer than normal weather. Temperatures for Nov. 1-10 were 1.7°C higher year on year for India on average, while certain regions such as Delhi were 4°C higher.
In early November, Delhi had ‘severe’ air pollution. The situation has improved and the air is now classified as ‘poor’. According to the System of Air Quality and Weather Forecasting And Research (SAFAR), the level of fine particles, or PM 2.5, will increase slightly over the next few days and is forecast to be ‘very poor’ beyond Nov. 18. Despite this worsening, air pollution is still below the levels seen earlier in November. S&P Global Commodity Insights keeps an eye on the situation because a similar situation in 2021 caused the shutdown of several coal-fired power plants in the area.
Renewables in seasonal decline, leaving thermal gap relatively high
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