Power demand hits 12,251 MW on June 7 in Andhra Pradesh as temperatures soar
Vijayawada: With soaring mercury levels and daytime temperatures hitting 40 degrees in several parts of the state, household power consumption drastically increased, resulting in a sharp spike in unrestricted peak demand, which reached a record high of 12,251 megawatts on June 7.
Subsequently, the required energy supply saw a significant rise from an average of 190 million units per day during the last week of May to a record high of 246.49 million units on June 6. The average energy required stood between 200 to 240 million units during the first ten days of June, given the persistent heatwave that led to a surge in power consumption in the state.
At the same time, the unrestricted peak demand across the state, which was around 9,100 megawatts to 9,500 megawatts in the last week of May, surged past 10,000 megawatts and reached a high of 12,251 megawatts on June 7.
It is believed that power consumption in the last week of May was relatively lower as the temperatures stayed below 35 degrees Celsius, coupled with regular showers that provided relief and respite from the heatwave. However, since the start of June, the heatwave gripped the state, and mercury levels soared to 40 degrees, leading to a sharp spike in the usage of air conditioners and other cooling appliances, which subsequently led to the rise in power consumption in the state.
Despite a jump in power consumption, the govt managed to provide an uninterrupted power supply without any power cuts to consumers in the state.
According to the data gathered from the APTRANSCO official website, non-conventional energy resources (NCEs) such as solar and wind energy contributed approximately 1,637 million units of power out of 3,284 million units supplied between May 26 and June 9 in the state. During the same period, the power supply through Genco Thermal stood at 1,165 million units, while it was 82.8 million units through Genco Hydel.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hans India
2 days ago
- Hans India
APSPDCL assures uninterrupted power supply to Sri City
Tirupati: APSPDCL Chairman & Managing Director K Santhosha Rao said that the SPDCL is supplying better power supply to Sri City under Satyavedu SEZ. He held a review meeting on Friday with the officials on power supply to Sri City. Speaking on the occasion, he informed that the APSPDCL is working hard to provide 24-hour power supply to the industries in line with the instructions of the Government of Andhra Pradesh. The maintenance work of breakers to be carried out regularly for un-interrupted power supply, adding that installing new relays to prevent power outages. He said that if the internal power problems within the industry are resolved from time to time, there will be an opportunity to prevent the interruptions completely. He said that by bringing the issue of internal power problems to the attention of SPDCL officials, there will be an opportunity to resolve the problems quickly. APSPDCL Director (Technical) K Guravaiah, Chief General Manager DS Varakumar, Superintendent Engineer P Surendra Naidu, Divisional Engineers N Devashiravadam, P Ravi Kumar, APTransco Director JV Rao, Chief Engineer DV Kishore Kumar, Superintendent Engineer Karunakar, Sri City General Manager D Narasimha Reddy were present.
Time of India
2 days ago
- Time of India
Banks are financing their own multitrillion-dollar nightmare
If you come home early from vacation and find robbers ransacking your house, you could call the police and try to stop the crime. But the true alpha move would be to help the robbers load your valuables onto the truck and then tell them which of your neighbors are also on vacation in exchange for a cut of the profits. Banks are choosing the alpha option, basically abetting theft from themselves by backing new projects to extract and burn fossil fuels, thus stoking the planetary heating that stunts economic growth and their own insurance and mortgage businesses. Of course, these financial companies do get a cut of the short-term profits from this environmental sabotage. And by abandoning the pretense of siding with the climate, they avoid political blowback from a US government that has declared war on it. But the long-term result will be a global economy trillions of dollars poorer and far less stable, impoverishing just about everyone, including the banks. The world's 65 biggest banks delivered $869.4 billion in financing to fossil-fuel companies last year, up $162.5 billion from 2023, according to a new report by the Rainforest Action Network, the Sierra Club, and several other nonprofit groups. Banks have funneled $7.9 trillion in loans and underwriting to these polluting industries since the Paris climate accords took effect in 2016, by the report's measure. This doesn't include any investments by banks' asset-management units, which amount to hundreds of billions of dollars more. Bloomberg Last year's financing surge reversed two years of declines and coincided with a turn of political sentiment against 'woke' environmental, social and governance considerations in business. Climate actions drew some of the harshest attacks, with President Donald Trump and other conservatives blaming them for rising energy prices. Such claims helped Trump win a second term. On his first day in office, he declared that his predecessor's foolish concern for the climate had created a 'national energy emergency' that hurt Americans' finances. His prescription has been to attack any public or private activity meant to slow the burning of fossil fuels. Live Events Banks saw the direction that the wind was blowing and quickly changed tack. The biggest immediately quit the Net Zero Banking Alliance, a group that vows to help eliminate greenhouse-gas emissions by 2050. They claim to still have their own goals for curbing emissions, but they've apparently given up trying to make their actions match their words. To meet the Paris Agreement 's rapidly fading stretch goal of holding global heating to 1.5 degrees Celsius above preindustrial averages, energy financing should favor green projects over fossil fuels by a 4-to-1 ratio, according to BloombergNEF. In 2023, the latest data available, the ratio was just 0.89-to-1. Boosting fossil-fuel financing last year probably didn't move that ratio in the right direction. Bloomberg Meanwhile, the economic damage caused by a heating planet keeps mounting. Global climate-related costs — including insured and uninsured losses, government relief spending and higher insurance premiums — have topped $18.5 trillion since January 2000, Bloomberg Intelligence estimated recently. The US alone accounted for $7.7 trillion of the damage, or 36% of its growth in gross domestic product over that stretch. In just the 12 months through April, US climate-related costs totaled nearly $1 trillion, BI said, roughly matching bank financing for fossil fuels during that time. You might argue economic activity is economic activity, that building a house is basically the same as rebuilding a house, that government disaster relief is no different from any other flavor of government spending. But simply responding to disasters again and again is no way to grow an economy. Money spent to rebuild houses, bridges and roads is money not spent on college educations, better infrastructure or other productivity-boosting measures. It steals growth from the future. A National Bureau of Economic Research paper last fall estimated that a planet hotter by 3C — its current trajectory — would have a GDP that was smaller by more than a third. A study last week from the University of Maryland's School of Public Policy found that a complete rollback of the Inflation Reduction Act's climate measures, something Trump and congressional Republicans have been working hard to do, would shave $1.1 trillion from US GDP alone over the next decade. It would also kill 22,800 Americans, take $160 billion from American incomes and cause the average home's energy bill to be $206 higher. Talk about an emergency. But if you need a more immediate climate threat to finance profits to be convinced, you can already see one in the growing crisis in home insurance. Every new wildfire, flood, tornado and hurricane exposes just how underinsured and underprepared Americans are for such disasters, putting possibly $2 trillion in home valuations at risk. Given the political reality, it's understandable for banks to speak softly about protecting the planet and their own future profits. Helping fossil fuels build an even bigger stick with which to beat them makes much less sense.
Economic Times
2 days ago
- Economic Times
Banks are financing their own multitrillion-dollar nightmare
Bloomberg Live Events Bloomberg (Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel If you come home early from vacation and find robbers ransacking your house, you could call the police and try to stop the crime. But the true alpha move would be to help the robbers load your valuables onto the truck and then tell them which of your neighbors are also on vacation in exchange for a cut of the are choosing the alpha option, basically abetting theft from themselves by backing new projects to extract and burn fossil fuels, thus stoking the planetary heating that stunts economic growth and their own insurance and mortgage businesses. Of course, these financial companies do get a cut of the short-term profits from this environmental sabotage. And by abandoning the pretense of siding with the climate, they avoid political blowback from a US government that has declared war on it. But the long-term result will be a global economy trillions of dollars poorer and far less stable, impoverishing just about everyone, including the world's 65 biggest banks delivered $869.4 billion in financing to fossil-fuel companies last year, up $162.5 billion from 2023, according to a new report by the Rainforest Action Network, the Sierra Club, and several other nonprofit groups. Banks have funneled $7.9 trillion in loans and underwriting to these polluting industries since the Paris climate accords took effect in 2016, by the report's measure. This doesn't include any investments by banks' asset-management units, which amount to hundreds of billions of dollars year's financing surge reversed two years of declines and coincided with a turn of political sentiment against 'woke' environmental, social and governance considerations in business. Climate actions drew some of the harshest attacks, with President Donald Trump and other conservatives blaming them for rising energy prices. Such claims helped Trump win a second term. On his first day in office, he declared that his predecessor's foolish concern for the climate had created a 'national energy emergency' that hurt Americans' finances. His prescription has been to attack any public or private activity meant to slow the burning of fossil saw the direction that the wind was blowing and quickly changed tack. The biggest immediately quit the Net Zero Banking Alliance, a group that vows to help eliminate greenhouse-gas emissions by 2050. They claim to still have their own goals for curbing emissions, but they've apparently given up trying to make their actions match their meet the Paris Agreement 's rapidly fading stretch goal of holding global heating to 1.5 degrees Celsius above preindustrial averages, energy financing should favor green projects over fossil fuels by a 4-to-1 ratio, according to BloombergNEF. In 2023, the latest data available, the ratio was just 0.89-to-1. Boosting fossil-fuel financing last year probably didn't move that ratio in the right the economic damage caused by a heating planet keeps mounting. Global climate-related costs — including insured and uninsured losses, government relief spending and higher insurance premiums — have topped $18.5 trillion since January 2000, Bloomberg Intelligence estimated recently. The US alone accounted for $7.7 trillion of the damage, or 36% of its growth in gross domestic product over that stretch. In just the 12 months through April, US climate-related costs totaled nearly $1 trillion, BI said, roughly matching bank financing for fossil fuels during that might argue economic activity is economic activity, that building a house is basically the same as rebuilding a house, that government disaster relief is no different from any other flavor of government spending. But simply responding to disasters again and again is no way to grow an economy. Money spent to rebuild houses, bridges and roads is money not spent on college educations, better infrastructure or other productivity-boosting measures. It steals growth from the future.A National Bureau of Economic Research paper last fall estimated that a planet hotter by 3C — its current trajectory — would have a GDP that was smaller by more than a third. A study last week from the University of Maryland's School of Public Policy found that a complete rollback of the Inflation Reduction Act's climate measures, something Trump and congressional Republicans have been working hard to do, would shave $1.1 trillion from US GDP alone over the next decade. It would also kill 22,800 Americans, take $160 billion from American incomes and cause the average home's energy bill to be $206 higher. Talk about an if you need a more immediate climate threat to finance profits to be convinced, you can already see one in the growing crisis in home insurance. Every new wildfire, flood, tornado and hurricane exposes just how underinsured and underprepared Americans are for such disasters, putting possibly $2 trillion in home valuations at the political reality, it's understandable for banks to speak softly about protecting the planet and their own future profits. Helping fossil fuels build an even bigger stick with which to beat them makes much less sense.
