Global Mid-Year Electricity Update: Report
Global power demand is on track to rise faster in 2026 and 2027 than in 2025, even as the Middle East crisis temporarily increases electricity generation costs and as emergency energy conservation measures are implemented in some regions. Major economies have so far adapted to the loss of liquefied natural gas (LNG) supplies from the Strait of Hormuz while meeting rising power demand. A stronger-than-expected El Niño event in 2026 could increase global electricity demand further by raising cooling needs in many regions. Electricity generation from renewables is set to overtake coal-fired output in 2026, widening their share in the global electricity supply mix.
Read More
