Electricity Consumption Decline in Advanced Economies to Impact Global Demand in 2023

Global electricity demand is still expected to grow by slightly less than 2% in 2023

July 20, 2023

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Electricity demand in the European Union (EU) is expected to reach its lowest level in two decades, marking a significant decline of 3% in 2023, according to the latest “Electricity Market Report” by the International Energy Agency (IEA).

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Gautamee Hazarika

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Electricity Consumption Decline in Advanced Economies to Impact Global Demand in 2023

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