India's electricity consumption surged 11% year-on-year to 162 billion units (BU) in September 2026, driven by an unseasonably hot and humid climate alongside an ongoing El Niño pattern. As a result, coal stocks at domestic utilities limited 60% YoY to 19 million tonnes (MT), down from 47 MT in the same period last year.
India's electricity consumption surged 11% year-on-year to 162 billion units (BU) in September 2026, driven by an unseasonably hot and humid climate alongside an ongoing El Niño pattern. As a result, coal stocks at domestic utilities limited 60% YoY to 19 million tonnes (MT), down from 47 MT in the same period last year. Key Metrics & Power Dynamics Peak Power Demand :- Touched a historic record of 269 GW, jumping 17% compared to September last year. Thermal Compensation:- A steep 16% YoY decline in hydropower generation (falling to 19 BU) forced coal-fired thermal power plants to step in, increasing thermal output by 16% to 118 BU. Critical Inventories:- As of late September, over 80 out of 191 coal power plants faced critically low fuel stocks (holding less than 25% of their normal target inventory). Financial Pressures: - Fuel exhaustion coincided with rising international costs, with Indonesian coal prices up 47% YoY to $111 per MT and g...