The International Energy Agency released a report on the 23rd that although the recent war in the Middle East disrupted the global gas market and boosted power generation costs in many places, global electricity demand is expected to continue to grow rapidly this year and next two years due to the continuous increase in electricity demand in the fields of industry, household appliances, refrigeration, electric vehicles, and data centers. The report predicts that global electricity demand will grow by 3.6% in 2026 and 3.8% in 2027, all higher than the 3% growth rate in 2025. By 2027, global electricity consumption is expected to rise to 30,700 terawatt-hours. The report predicts that by 2026, renewable energy will surpass coal and become the world's largest source of electricity. Solar photovoltaic power generation is expected to increase by about 600 terawatt-hours in 2026. Photovoltaic power generation is expected to surpass wind power and become the second largest renewable energy source in the world after hydropower. According to the report, weather changes are still an important uncertain factor affecting the outlook for global electricity demand. If the 2026 El Niño phenomenon is stronger than expected, increased demand for refrigeration could further boost global electricity consumption.

The International Energy Agency issued a report on the 23rd that although the recent war in the Middle East disrupted the global gas market and boosted power generation costs in many places, global electricity demand is expected to continue to grow rapidly this year and next two years due to the continuous increase in electricity demand in the fields of industry, household appliances, refrigeration, electric vehicles, and data centers. The report predicts that global electricity demand will grow by 3.6% in 2026 and 3.8% in 2027, all higher than the 3% growth rate in 2025. By 2027, global electricity consumption is expected to rise to 30,700 terawatt-hours. The report predicts that by 2026, renewable energy will surpass coal and become the world's largest source of electricity. Solar photovoltaic power generation is expected to increase by about 600 terawatt-hours in 2026. Photovoltaic power generation is expected to surpass wind power and become the second largest renewable energy source in the world after hydropower. According to the report, weather changes are still an important uncertain factor affecting the outlook for global electricity demand. If the 2026 El Niño phenomenon is stronger than expected, increased demand for refrigeration could further boost global electricity consumption.