India Sees Power Use Surging to Record, Adding to Energy Crisis

India expects peak power demand to reach a record during the coming hot season, which could exacerbate existing energy supply pressures stemming from the war in Iran. The development raises the risk of higher domestic electricity and fuel imports, upward pressure on energy prices, and greater volatility for energy-sector assets and trade flows in the near term.

Analysis

India expects peak power demand to reach a record during the coming hot season, which could exacerbate existing energy supply pressures stemming from the war in Iran. The development raises the risk of higher domestic electricity and fuel imports, upward pressure on energy prices, and greater volatility for energy-sector assets and trade flows in the near term.