In a new report published on Wednesday 19 July, the International Energy Agency (IEA) indicates that global growth in electricity demand is set to slow in 2023 (before picking up again in 2024). This is generally due to the continuing effects of the global energy crisis on advanced economies and the economic slowdown.
In the European Union, electricity demand is expected to fall by 3%, similar to the fall recorded in 2022.
“Following these two consecutive declines, which together amount...