electricity demand

electricity demand

Weekend patterns are relatively consistent, driven mainly by residential demand. Renewables contribute three-quarters of electricity supply growth to 2040, underpinned by policy support in nearly 170 countries and falling costs. In the USA, a lower demand from the industrial and residential sectors contributed to cut electricity consumption by 2.2%. Contribution of BRICS to the global increase in power consumption between 2010 and 2019. In addition, several Member States continue to use national capacity mechanisms, even if they do not always face an adequacy problem. In the Stated Policies Scenario, global electricity demand grows at 2.1% per year to 2040, twice the rate of primary energy demand. In the Stated Policies Scenario, electricity generation from renewables increases rapidly, surpassing coal by 2026. A U-shaped recovery would push low-carbon sources of electricity well ahead of coal-fired generation globally in 2020. Renewables-based generation increased by 3%, mainly because of a double-digit percentage increase for wind power and a jump in solar photovoltaic (PV) output from new projects over the past year. Decarbonised electricity, in addition, could provide a platform for reducing CO2 emissions in other sectors through electricity-based fuels such as hydrogen or synthetic liquid fuels. A faster recovery would reduce electricity demand by 2% in 2020, as all areas of economic activity resume. According to the European Commission’s Joint Research Centre, global CO2 emissions from energy combustion increased by 0.9% to 38 GtCO2 in 2019, driven by China (+3.4%, accounting for 30% of global emissions) and India (+1.6%, 7% of global emissions). The share of renewables in electricity supply neared 28% in Q1 2020, up from 26% in Q1 2019. As the fastest growing flexibility option, battery storage capacity rises 40-fold by 2040, due to its falling costs, short construction periods, widespread availability and scalability. But longer lockdowns, slower economic recovery, and wide diffusion of Covid‑19 in developing countries could cut demand even further. Many factories have been able to continue operations by applying precautionary measures to protect workers. Overall, US coal-fired generation in Q1 2020 was down by one-third on Q1 2019, squeezed by lower demand, cheap gas and 20% increases in wind and solar PV output. This would be the largest decline since the Great Depression and would be eight times the reduction in 2009 due to the global financial crisis. Electricity demand growth is set to be particularly strong in developing economies. China was the first to implement containment measures, in mid-January, and experienced the world’s largest demand reduction in Q1 2020, of 6.5%. You can unsubscribe at any time by clicking the link at the bottom of any IEA newsletter. Based on its 2019 data for G20 countries, Enerdata analyses the trends in the world energy markets. Demand reductions have lifted the share of renewables in electricity supply, as their output is largely unaffected by demand. Nuclear power generation fell by 3% in response to lower demand and because fewer reactors were operational in some regions. Electricity demand in China, which accounts for 28% of the global electricity consumption, grew by 4.5% in 2019 (compared to 10%/year over the period 2000-2018), as the slowdown in electricity demand from industry (lower economic growth in 2019) was partly offset by a strong demand from the residential and services sectors. Lockdown measures have significantly reduced electricity demand, affecting in turn the power mix. Low-carbon generation increased in total, however, reducing the need for electricity produced from fossil fuels by close to 3%. Electricity demand in China, which accounts for 28% of the global electricity consumption, grew by 4.5% in 2019 (compared to 10%/year over the period 2000-2018), as the slowdown in electricity demand from industry (lower economic growth in 2019) was partly offset by a strong demand from the residential and services sectors. Impacts were more limited in other parts of the world, where restrictions began in March and were introduced progressively. Electricity demand follows two distinct regional paths. A slower recovery, on the other hand, would put further downward pressure on coal, gas and nuclear power, leading a greater shift to renewable energy sources in the overall power mix as long as their output is fully integrated. In the Sustainable Development Scenario, electric vehicles become the main source of demand growth. According to the Swiss government, final energy consumption in Switzerland slightly increased in 2019 (+0.3%) due to cooler temperatures, economic growth (+0.9%), demographic growth (+0.7%) and increasing fleet of motor vehicles (+0.8%). In 2019, global electricity consumption grew at a much slower pace than in recent years (+0.7% compared to an average 3%/year over the 2000-2018 period), due to a slowdown in economic growth and to milder temperatures in several large countries. In economies that rely more heavily on industry, lockdown measures have less effect on electricity demand. In the European Union, the share of renewables in electricity generation picked up in weeks following the onset of lockdown measures, in part due to lower demand, driving coal and gas out of the power mix. Keep up to date with our latest news and analysis by subscribing to our regular newsletter. We expect global electricity demand to fall by 5% in 2020. Residential electricity demand has increased in most economies as a result of lockdown measures. Across the most affected economies of the European Union, average weekday electricity demand for services declined considerably as March progressed. According to the European Commission, primary energy consumption declined by 0.7% in 2018 (-0.1% only for final energy consumption), which is insufficient to meet the 2020 targets. Global coal-fired capacity plateaus, with the project pipeline of 710 GW, mainly in Asia, just exceeding coal plant retirements, mainly in advanced economies. Gas-fired generation fell slightly, while generation from renewables rose. 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