IEA: Electricity demand surges, putting power systems under pressure

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Rapid increase in demand in 2021 pushes power prices and emissions to record levels, with serious implications for consumers, economies and clean energy transitions

Global electricity demand surged in 2021, creating strains in major markets, pushing prices to unprecedented levels and driving the power sector’s emissions to a record high. Electricity is central to modern life and clean electricity is pivotal to energy transitions, but in the absence of faster structural change in the sector, rising demand over the next three years could result in additional market volatility and continued high emissions, according an IEA report released today. Driven by the rapid... ... More: Official Press Release IEA

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IEA, report, electricity, global, demand, prices, power systems, strain, surge, power cut, market, renewables