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IEA Mid-Year Electricity Update 2025
August 10 , 2025
15 hrs 0 min
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- Global electricity demand is forecast to grow by 3.3% in 2025 and 3.7% in 2026, outpacing the 2015–2023 average of 2.6%.
- China and India will account for 60% of global electricity demand growth through 2026.
- The Wind and solar PV are expected to meet over 90% of demand growth in 2025, with combined generation set to surpass 6,000 TWh in 2026.
- The Coal-fired power generation declined in China and India in early 2025 but rose in the United States and European Union due to fuel switching.
- Global power sector CO2 emissions are expected to plateau in 2025 and slightly decline in 2026 due to renewables growth.
- Nuclear power generation is on track to reach a record high in 2025.
- Wholesale electricity prices rose 30–40% in the United States and the EU in early 2025 due to higher gas prices, while negative price hours increased in Germany and Spain.
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