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POWER: Power Demand in Europe in 2025 to be Below 2017-21 Average

POWER
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European power demand – incl. the EU, Switzerland, the UK and Norway - is forecast to rise by 49TWh on the year in 2025, with 2025 demand expected to 4% below the 2017-2021 average according to ICIS. 

  • EU power demand increased by 1.3%, or 38TWh, on the year in 2024, with low GDP growth, continued higher prices and sluggish industrial output weighing on the bloc’s demand recovery, ICIS data previously showed.
  • On the supply side, wind, solar, lignite-and hard-coal fired generation is expected to grow on the year, as weak spark spreads are expected to boost coal and lignite output.
  • Hydropower generation is expected to decline on the year by 34TWh with a normalisation in hydro conditions.
  • Nuclear output is also expected to decline by 11TWh and gas output for power by 24TWh. 

     
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European power demand – incl. the EU, Switzerland, the UK and Norway - is forecast to rise by 49TWh on the year in 2025, with 2025 demand expected to 4% below the 2017-2021 average according to ICIS. 

  • EU power demand increased by 1.3%, or 38TWh, on the year in 2024, with low GDP growth, continued higher prices and sluggish industrial output weighing on the bloc’s demand recovery, ICIS data previously showed.
  • On the supply side, wind, solar, lignite-and hard-coal fired generation is expected to grow on the year, as weak spark spreads are expected to boost coal and lignite output.
  • Hydropower generation is expected to decline on the year by 34TWh with a normalisation in hydro conditions.
  • Nuclear output is also expected to decline by 11TWh and gas output for power by 24TWh. 

     
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