Global electricity demand growth set to accelerate as power systems adjust to recent shocks

Industry, electric vehicles, air conditioning and data centres continue to spur robust increases in electricity use around the world Global electricity demand is set to grow at a faster pace this year than last – even as power systems worldwide contend with energy market turmoil and volatile prices, according to a new IEA report. While recent disruptions to global natural gas markets due to the war in the Middle East have pushed up electricity generation costs in many regions, strong underlying demand from industry, appliances, cooling, electric vehicles and data…

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