Report launch — Paris, France

Electricity 2024

Background information

Electricity is central to the functioning of modern societies and economies – and its importance is only growing as technologies that run on electricity rather than fossil fuels, such as electric vehicles and heat pumps, become increasingly popular. Ensuring consumers have secure and affordable access to electricity while also reducing global carbon dioxide (CO2) emissions is one of the core challenges of the energy transition.

Given these trends, the International Energy Agency’s Electricity 2024 is essential reading. It offers a deep and comprehensive analysis of recent policies and market developments and provides forecasts through 2026 for electricity demand, supply and CO2 emissions. The IEA’s electricity sector report, which has been published regularly since 2020, also includes a detailed study of the evolving generation mix.

Additionally, this year’s report features in-depth analysis on:

  • The drivers of recent declines in electricity demand in Europe
  • The data centre sector’s impact on electricity consumption
  • Recent developments in the global nuclear power sector