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Power demand is surging faster than grids can be upgraded
The International Energy Agency says the shift, highlighted in its 2026 Electricity report, is changing long term assumptions and forecasts for power markets.
OilPrice says power demand has resumed rising after years of stagnation in key developed markets, and that the growth pace has not been seen in decades.
The outlet points to drivers including data centers, electrification, and industrialization, which are lifting electricity consumption as grids struggle to keep up.
According to OilPrice, the International Energy Agency highlighted the acceleration in its 2026 Electricity report, describing it as the start of what it calls the Age of Electricity.
The article says the demand surge is already starting to change long term assumptions and forecasts for power markets.