Electricity demand in the European Union is set to fall by 3% in 2023 to its lowest level in twenty years, according to new estimates by the International Energy Agency (IEA).

Spiraling energy prices and economic slowdowns in European economies are mainly accountable for the decrease in demand.

A record two-year slump of 6% in EU electricity consumption was recorded during the first half of 2023 following Russia’s invasion of Ukraine.

https://www.euronews.com/my-europe/2023/07/19/eu-electricity-demand-set-to-drop-to-lowest-level-in-twenty-years-international-energy-age

#EU #IEA #Energy #Electricity