IEA: Global electricity demand to slow in 2022 and 2023

Global electricity demand growth will slow sharply in 2022 after a strong recovery in 2021 due to slowing economic growth, higher electricity prices and health restrictions, the International Energy Agency (IEA) said on Wednesday.

Global electricity demand growth will slow sharply in 2022 after a strong recovery in 2021 due to slowing economic growth, higher electricity prices and health restrictions, the International Energy Agency said on Wednesday.

According to “Reuters”, global demand for electricity is expected to rise by 2.4% in 2022, lower than the three percent that was expected in January, and it is expected to maintain the same growth rate in 2023, down from 6% in 2021, in line with the five-year average before the outbreak of the Corona virus pandemic.