Global electricity production falls again

23 May 2023

The latest IEA Monthly Electricity Statistics report including February shows that for the total OECD membership total net electricity production was 852.1 TWh in February 2023, down by 4.0% compared to February 2022. This decrease was seen in all major fuel sources (-4.5% year on year for fossil fuels, -3.4% y-o-y for renewables and -3.6% y-o-y for nuclear).

The decrease in electricity production from fossil sources was driven by lower utilisation of coal fired plants (-16.0% y-o-y), despite an increase in electricity generation from natural gas (+4.8% y-o-y).

Lower wind power generation drove the downward trend in production from renewable sources, with OECD Europe reporting the highest drop. Conversely, power production from solar power saw an increase of 14.5% (y-o-y), reaching a share of 5.0% in the electricity mix, the highest for the month of February.

Electricity production from nuclear power decreased by 3.6% (y-o-y), with lower production in all three OECD regions.

Poland saw a record fall in the production of electricity from coal (-5.4% y-o-y), reaching a record-low share of 62.9% in the electricity mix, but the increase in production from natural gas (+25.1% y-o-y) did not compensate for the decline in coal use. The country’s total net electricity figure was 13.1 TWh in February 2023, down by 3.8% y-o-y compared to same month previous year, with electricity production from all fossil fuels decreasing by 2.3% y-o-y. (-5.4% y-o-y). Electricity generation from renewables decreased by 7.5% y-o-y, driven mainly by wind (-15.9% y-o-y).

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