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Business
Tamil Nadu urged to sharpen power demand forecasts to curb costs
✍️ The New Indian Express
🗓 21 Oct 2026, 04:16 AM
👁 7
Experts say Tamil Nadu needs better electricity demand forecasting and timely power purchases to reduce expenses.
The New Indian Express reports that Tamil Nadu's electricity authorities are being advised to enhance their power demand forecasting methods. Accurate forecasts are seen as essential to avoid over‑procurement of power, which can inflate the state's electricity bills.
Industry analysts argue that timely power purchases, aligned with reliable demand projections, can significantly lower procurement costs. They point out that mismatches between forecasted and actual consumption often force the state to buy power at higher spot‑market rates.
State officials are reportedly reviewing existing forecasting models and exploring advanced analytics to improve precision. The goal is to align power procurement with real‑time demand, thereby delivering cost savings to consumers and the state budget.
If implemented effectively, the recommended measures could streamline the state's power procurement process and set a benchmark for other Indian states facing similar challenges.
Industry analysts argue that timely power purchases, aligned with reliable demand projections, can significantly lower procurement costs. They point out that mismatches between forecasted and actual consumption often force the state to buy power at higher spot‑market rates.
State officials are reportedly reviewing existing forecasting models and exploring advanced analytics to improve precision. The goal is to align power procurement with real‑time demand, thereby delivering cost savings to consumers and the state budget.
If implemented effectively, the recommended measures could streamline the state's power procurement process and set a benchmark for other Indian states facing similar challenges.