All news

Global demand for electricity to grow by 3% per year in 2023-2025 — IEA

In terms of power generation, coal-fired facilities boosted their output by 1.5% in 2022

MOSCOW, February 8. /TASS/. Global electricity demand in 2023-2025 will grow by an average of 3% per year, according to the report by the International Energy Agency (IEA).

The agency noted that in 2022 the demand growth rate reached 2% despite the rising crisis.

At the same time, regional growth will be highly variable. Thus, in China, which accounts for around 31% of global demand, the figure will rise by 5.2% in 2023-2025, in India - by 5.6%, and in Africa - by 4.1%, while in Europe it will rise by 1.4% in 2024 and 1.3% in 2025 after declining 0.6% in 2023.

In terms of power generation, coal-fired facilities boosted their output by 1.5% in 2022. At the same time, the IEA dubbed this growth an outlier, predicting that production of this form of power will peak in 2023-2025, as growth in Asia is countered by declines in Europe and the United States.