Monthly Electricity Statistics

In the OECD, total net electricity production amounted to 989.8 TWh in January 2024, increasing by 4.8% on a year-on-year¹ basis.

Electricity production from fossil fuels totaled 496.5 TWh, up by 7.1% or 33.0 TWh compared to January 2023. This increase was largely driven by strong electricity output from natural gas (+9.8% y-o-y) and to a lesser extent by coal (+4.3% y-o-y). On a regional level, this trend was due to higher fossil-based electricity generation in the OECD Americas (+17.5% y-o-y), which largely offset reduced output observed in OECD Asia-Oceania (-3.5% y-o-y) and in OECD Europe (-4.7% y-o-y). Overall, the share of fossil fuels in the OECD electricity mix settled at 50.2%, one percentage point higher than in January 2023.

Electricity production from renewable sources increased by 3.7% y-o-y at 328.8 TWh. Solar power continued to grow consistently (+16.1% y-o-y), with positive variations observed across all OECD regions. Conversely, wind power remained relatively stable, showing a marginal decrease of 0.2% compared to the same month last year. Hydropower generation rose by 5.0% y-o-y, mostly as a result of recovered output in OECD Europe (+22.6% y-o-y), while dry weather conditions continued to persist in the OECD Americas (-7.1% y-o-y). In the OECD, renewables accounted for 33.2% of total electricity production in January 2024, almost unvaried compared to the same month last year.

Nuclear electricity production was stable at 161.8 TWh in January 2024, marginally increasing by 0.4% on a year-on-year basis. This trend resulted from higher nuclear output in OECD Europe (+4.6% y-o-y), which compensated for lower nuclear generation in the OECD Americas (-2.0% y-o-y) and in OECD Asia-Oceania (-3.0% y-o-y). Overall, the share of nuclear power in the OECD electricity mix remained steady at 16.4%.