electricity demand

The International Energy Agency (IEA) Electricity Mid-Year Update report forecasts that global electricity demand will grow by 4% in 2024.

Electricity generated by fossil fuels in the UK fell by 22% year-on-year in 2023 to the lowest level since 1957, according to Carbon Brief.

The Crowdflex project – run by SSEN Distribution, National Grid ESO, Octopus Energy and Ohme – has found that domestic flexibility can significantly reduce peak demand, with further reductions enabled by electric vehicles (EV).

​Growth in UK clean electricity output looks set to accelerate over the decade despite a temporary pause between H1 2019 and H1 2021.

​Global demand for electricity is predicted to rise by 4.5% in 2021 – equivalent to 1,000TWh – following heavy reductions as a result of COVID-19.

​Electricity demand in Great Britain returned to pre-COVID-19 levels in Q1 2021, with tight margins being a common feature of the quarter.

​National Grid ESO has agreed to pay £1.5 million to Ofgem’s voluntary redress fund after it failed to provide unbiased and accurate seven-day ahead electricity demand forecasts in 2017.

​Demand is forecast to continue to be low this summer, although some resurgence is expected in comparison to levels seen in 2020.

Power consumption is set to more than double by 2050 as electrification increases, according to new research from McKinsey.

​Global electricity demand is on track to drop 5% over 2020, eight times the reduction seen in 2009 as a result of the financial crisis.