Put another way, 253 million LEDs means that India’s peak electricity demand is already 4% lower than it would be without LED bulbs. Tripling the number of LEDs and eliminating every inefficient bulb would increase the avoided peak demand to 20 gigawatts, or 12%. Here is India’s peak power deficit since fiscal-year 2009-10:That welcome approach to zero deficit is also due to more power generation and better transmission and distribution. India’s demand for electricity is still growing, as is the physical plant to support it. In his book “The Big Short,” Michael Lewis says that “markets are a collection of arguments.” In India’s power market, technology and efficiency are on the winning side of that argument.

Source: Mint August 05, 2017 09:05 UTC