KETEP 세계에너지시장정보

Executive summary .......................................................................................... 8 



Global trends ............................................................................................... 15 


 Demand: Global electricity use posts strong growth to 2026 ..................... 15 

  Emerging economies are the engines of global electricity demand growth ............................. 15 

  China has the largest increase in electricity demand, while India sees the fastest growth ..... 17 

  Southeast Asia and India make strides in per capita electricity use, but Africa lags behind ... 19 

  Spotlight: Navigating the uncertainties in the recovery of EU electricity demand .................... 20 

  Global electricity demand from data centres could double towards 2026 ............................... 31 

  Rising self-consumption in distributed systems and data collection challenges ...................... 37 


 Supply: Clean electricity to meet all additional demand out to 2026 ......... 40 

  Renewables overtake coal as the largest source of global electricity supply in 2025 ............. 40 

  Coal constrained by renewables in China, but not in other parts of Asia ................................ 42 

  Spotlight: Nuclear generation will reach a new record high by 2025 ....................................... 44 

  Hydropower generation was reduced in 2023 in numerous regions due to weather impact ... 55 

  The supply chain of gas turbines is geographically concentrated in different ways ................ 56 


 Emissions: CO2 from electricity sector entering a structural decline ........ 61 

  China accounts for half of the decline in global power generation emissions to 2026 ............ 61 

  China, the United States and European Union lead declines in power sector emissions ....... 62 

  Emission intensity of the power sector to fall at an unprecedented rate.................................. 63 


 Prices: Wholesale electricity prices fall from record highs ........................ 65 

  Electricity prices in many regions still remain above pre-pandemic levels .............................. 65 

  What does energy-intensive industry pay for electricity across the world? ............................. 69 

  Household electricity prices and affordability .......................................................................... 73 


 Reliability: Monitoring electricity security remains essential ..................... 76 

  Specific measures and markets for system inertia are becoming common ............................ 76 

  Extreme weather events caused large-scale power outages in 2023 ..................................... 78 

  Supply and grid issues led to major outages mostly in emerging and developing countries .. 80 

  Understanding the human factor in power disruptions and outages ........................................ 82 


 
Regional focus ................................................................................ 88 


 Asia Pacific ...................................................................................................... 88 


 Americas ........................................................................................................ 110 


 Europe ............................................................................................................ 121 


 Eurasia ........................................................................................................... 138 


 Middle East .................................................................................................... 142 


 Africa .............................................................................................................. 148 

 
 Annexes ......................................................................................................... 159 

  Summary tables ..................................................................................................................... 159 

  Regional and country groupings ............................................................................................ 164 

  Abbreviations and acronyms .................................................................................................. 166 

  Units of measure .................................................................................................................... 168