Decline in Industrial Activity Drives Lower Power Output in India

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India's electricity generation declined for the second consecutive month due to weaker industrial activity and mild weather, with coal generation down 5.8% annually and low-carbon generation up 42%.

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Market impact analysis based on bearish sentiment with 78% confidence.

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Bearish
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78%

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Electricity generation in India declined last month amid weaker industrial activity and mild weather. This was the second monthly decline in output in a row, Reuters noted in a report citing official data. Electricity generation in November stood at 134.26 billion kWh, which was down 1% on October. In October, the monthly decline in output from September came in at 6%, the data showed. By source, coal generation was down by an annual 5.8% in November due to the lower demand. Low-carbon generation, on the other hand, was higher, by a robust 42%…

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