Global electricity demand at 12-year high, surges 6% in 2021
DUBAI
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Global electricity demand increased by six per cent in 2021, the largest ever growth recorded in absolute terms and the highest since 2010, said a report.
According to a report issued by autonomous intergovernmental organisation, International Energy Agency, projections for electricity demand have come down to three to four per cent, which is similar to the expected annual growth rate dating back to a decade before the Covid-19 pandemic.
Amidst this, the energy demand will be attributed to three key reasons -- continued economic recovery, rebound effects concerning health protection measures and the apparent easing of the global energy crisis, it stated.
Looking to learn more further about optimisation of energy resources for the GCC region, the Gulf Cooperation Council Interconnection Authority (GCCIA) will be hosting the 'GCC Electricity Market Forum' at the Gulf Cooperation Council Pavilion in Expo 2020 Dubai.
The event serves as a strategic platform to discuss key developments in both the national and local electricity markets across the region and the planned roadmap to development for the GCC's thriving electricity market.
GCCIA Chief Executive Ahmed Al Ebrahim said: "The Electricity Market Forum will gather some of the region's top experts in the electricity industry - all coming together to tackle the challenges posed by the market's move to become a more organized exchange-based market."
"Aside from this, panelists will also discuss other market concerns like current projects, developments and new market and exchange rules," he stated.
