Electricity production

Global power generation rose by 2.6% in 2023, in line with its historical trend (+2.5%/year over 2010-2019).

Global power generation returned to its average growth rate in 2023 (+2.6%), in line with the 2010-2019 average.
Most of the increase occurred in the BRICS (+6%), which together accounted for 45% of the global power generation. Power generation rose by 6.9% in both China and India, in a context of steady electricity demand, and accelerated in Brazil (+4.8%, twice its historical rate); it increased at a slower rate in Russia (+0.7%, close to its 2010-2019 average) and declined again over technical and coal supply issues in South Africa (-4.4%).
Power generation tended to decrease in OECD economies (-1.6%), against slow economic growth and stable or declining electricity consumption. It slightly decreased in North America (-0.4% in the US and -3.6% in Canada over lower hydropower generation), in Japan (-1.8%), and in South Korea (-1.3%). In Europe, it dipped by 3.6%, including -12% in Germany and -11% in the UK, but grew by 11% in France (higher nuclear generation).
Power generation rose by 5% in the Middle East – especially in Saudi Arabia and Iran (+5% each), in Latin America (+3.8%), and in Algeria.