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India is sounding a new alarm: coal stocks for coal-fired power plants have dropped sharply, causing widespread electricity shortages. Electricity shortages continue to impact people's livelihood and industrial production. Urban and rural residents frequently experience prolonged power outages. Their daily lives are affected, factory production order has been disrupted, and some enterprises have cut production and damaged equipment and raw materials. Although India's wind power and photovoltaic installations continue to grow, electricity supply is still highly dependent on coal, the power grid's resilience to risks is weak, and the conflict between electricity supply and demand is becoming more and more prominent. India's Ministry of Electricity said that as of October 10, fuel supply for nearly half of India's coal-fired power plants had fallen below 1/4 of the required level. According to data from India's Grid Control Center, the country's grid faced an average daily shortage of nearly 4 gigawatts of electricity in the first 10 days of October. Meanwhile, coal prices continued to rise. According to data from Coal India, the average premium for Indian coal companies' spot sales jumped to 94% of the benchmark price in September, compared to 59% in August.
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India is sounding a new alarm: coal stocks for coal-fired power plants have dropped sharply, causing widespread electricity shortages. Electricity shortages continue to impact people's livelihood and industrial production. Urban and rural residents frequently experience prolonged power outages. Their daily lives are affected, factory production order has been disrupted, and some enterprises have cut production and damaged equipment and raw materials. Although India's wind power and photovoltaic installations continue to grow, electricity supply is still highly dependent on coal, the power grid's resilience to risks is weak, and the conflict between electricity supply and demand is becoming more and more prominent. India's Ministry of Electricity said that as of October 10, fuel supply for nearly half of India's coal-fired power plants had fallen below 1/4 of the required level. According to data from India's Grid Control Center, the country's grid faced an average daily shortage of nearly 4 gigawatts of electricity in the first 10 days of October. Meanwhile, the price of coal continues to rise. According to data from Coal India, the average premium for Indian coal companies' spot sales jumped to 94% of the benchmark price in September, compared to 59% in August.
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