World electricity demand is expected to increase by an average of 3.4% every year until 2026
Electricity, derived from the flow of electric charge, is vital for numerous aspects of modern life, from work and communication to transport and leisure. Most electricity is produced from fossil fuels in power plants, but low-carbon sources like nuclear and renewables (solar, wind, hydro, biomass) are increasingly contributing to the global generation mix. These efforts aim to mitigate climate change and leverage falling technology costs. Electricity generated is fed into a grid, transmitted over long distances, and distributed regionally to homes and businesses.
Balancing electricity supply with demand is complex, requiring markets to ensure sufficient generation through forward contracts and real-time balancing with flexible measures like dispatchable generation, energy storage, and interconnection. The system is evolving with more intermittent renewables and decentralized generation, creating supply-side disruptions and demand-side uncertainties. Future electricity systems will need enhanced grid roles, greater flexibility, and new business models, increasingly relying on digital technologies.
Discover UK energy professionals' views of the future of electricity, gathered in our annual Energy Barometer.
Search for articles on electric vehicles and the role of electricity in transport published in our New Energy World magazine.
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of the global electricity supply in 2024 was generated from renewables, including hydroelectricity (Statistical Review of World Energy)
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of electricity generated by coal in 2024 globally (Statistical Review of World Energy)
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estimated year-on-year rise in electricity consumption in 2024 (IEA)
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grid-scale battery electricity storage system capacity in 2024 (Statistical Review of World Energy)
New Energy World stories
Hydrogen engine powers Spanish grid in world’s first large-scale demonstration
23rd June 2026
The trial took place at the company’s Bermeo facility in northern Spain, where a new Wärtsilä 31H2 engine supplied power to Spain’s national electrici...
UK offshore wind workforce may need to more than double by 2030
23rd June 2026
Based on five studies conducted between 2023 and 2025, the report estimates the sector’s workforce could grow from around 40,000 people today to betwe...
Businesses say grid investment is failing to keep pace with electrification plans
23rd June 2026
A recent survey of 1,994 business leaders across 18 countries found that 79% believe geopolitical instability has made electrification more urgent, wh...
Long-duration energy storage could be worth €200mn/GW in annual variable system costs, finds report
23rd June 2026
The report, published by Eurelectric and consultancy AFRY, estimates that deploying 1GW of LDES could reduce annual variable system operating costs by...
COP31 presidency unveils 35% global electrification goal for 2035
15th June 2026
Organisers of this year’s Conference of the Parties (COP31) climate summit placed electrification at the centre of a new Action Agenda unveiled at the...
Technical guidance publications
EI 3308
Assessing the condition and remaining life of underground electrical cables
April 2026
Approaches to assessing the condition of electrical power cables have changed considerably over time. Previously, underground cables were generally le...
EI 3299
Guidelines on earthing/grounding/bonding in the oil and gas industry
September 2025
This publication brings together the essential requirements relating to earthing/grounding and bonding for installations in hazardous areas in the oil...
EI 3582
SafetyOn and G+ workshops report: Electrical safe system of work
February 2025
SafetyOn and G+ have been working collaboratively with the EI to enhance safety protocols in the onshore and offshore wind industry through the Safe S...
EI 3021
Model Code of Safe Practice Part 21: Guidelines for the control of hazards arising from static electricity
June 2024
Essential reading for all those involved in the fuels distribution and supply chain, this document provides up to date guidance on key equipment, proc...
EI 3564
Guidance on green and low carbon hydrogen production: plant design, construction, operation and maintenance, co-location and other considerations
June 2024
‘Hydrogen economy’ is an umbrella term used to describe the role that hydrogen plays in the broader economy, including as a fuel, as an energy carrier...