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POWER: EU Power Demand to Rise 1% Y/Y in 2025

POWER
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Power demand in the UK, Germany, France, Italy, Spain and Belgium is expected to recover slightly by 1% in 2025 to reach 1,731TWh according to BNEF. 

  • If this materialises, demand would still be 1% below the five-year average.
  • The average demand destruction was 1.3% across the six markets in December 2024, well below levels seen in January 2024 at 3%.
  • On the supply side, solar and wind generation in the six markets is forecast to increase by 17% on the year in 2025 566TWh.
  • Hydropower output is expected to decline by 10%, or 19TWh, this year with the return to normal conditions.
  • In turn, gas-and coal-fired power generation is forecast to decline by 4%, or 28TWh, year on year in 2025.
  • Nuclear generation is forecast to decline by 2% on the year in 2025 with the closure of Belgium’s Doel 1, 2 and Tihange 3 reactors, offsetting higher capacity from Flamanville 3 in France.  
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Power demand in the UK, Germany, France, Italy, Spain and Belgium is expected to recover slightly by 1% in 2025 to reach 1,731TWh according to BNEF. 

  • If this materialises, demand would still be 1% below the five-year average.
  • The average demand destruction was 1.3% across the six markets in December 2024, well below levels seen in January 2024 at 3%.
  • On the supply side, solar and wind generation in the six markets is forecast to increase by 17% on the year in 2025 566TWh.
  • Hydropower output is expected to decline by 10%, or 19TWh, this year with the return to normal conditions.
  • In turn, gas-and coal-fired power generation is forecast to decline by 4%, or 28TWh, year on year in 2025.
  • Nuclear generation is forecast to decline by 2% on the year in 2025 with the closure of Belgium’s Doel 1, 2 and Tihange 3 reactors, offsetting higher capacity from Flamanville 3 in France.  
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