Power Demand Is Surging Faster Than Grids Can Keep Up

Power Demand Is Surging Faster Than Grids Can Keep Up

After years of stagnation in key developed markets, power demand is rising again at a pace not seen in decades as data centers, electrification, and industrialization drive a surge in electricity consumption. The Age of Electricity, as the International Energy Agency (IEA) put it in its 2026 Electricity report, is gathering pace, changing long-term assumptions and forecasts about power markets in all regions, and posing new challenges for policy…

Global Demand for Power is growing Faster Than Grids can support - Energy News Beat

Global electricity demand is growing faster than the grids that have to carry it. The constraint is no longer just generation. It is the hardware that steps voltage up and down—large power transformers and the related substation gear—and the industrial base that used to build them. The International Energy Agency’s Electricity 2026 report puts global power demand growth above 3.5 percent a year on average through the end of the decade, more than…