Global need for energy is soaring, says International Energy Agency

Global demand for electricity continues to soar, driven by the increasing demand for electricity to power factories and appliances, keep buildings cool, operate growing fleets of data centres, run electric vehicles and more, an International Energy Agency report has found.

Global electricity demand is expected to expand at one of the fastest sustained paces in over a decade despite ongoing economic pressures, according to an  International Energy Agency report, with renewables, natural gas and nuclear all contributing to meet the additional demand. 

Electricity demand is set to rise by 3.3% in 2025 and 3.7% in 2026 – more than twice as fast as total energy demand growth over the same period, the IEA’s Electricity Mid-Year Update finds.