India's Electricity Demand May Surge By 8% This Year: Report
NDTV
Global electricity demand is forecast to grow by around four per cent in 2024, up from 2.5 per cent in 2023, the IEA's Electricity Mid-Year Update finds.
With demand for electricity in India expected to surge by a massive eight per cent this year, the world's demand is rising at its fastest rate in years, driven by robust economic growth, intense heat waves and increasing uptake of technologies that run on electricity such as EVs and heat pumps, a new report by the International Energy Agency (IEA) said on Friday.
At the same time, renewables continue their rapid ascent, with solar PV on course to set new records.
Global electricity demand is forecast to grow by around four per cent in 2024, up from 2.5 per cent in 2023, the IEA's Electricity Mid-Year Update finds.
