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14 Jan
17:19

IEA urges ‘rapid’ structural changes in power generation sector

Rising electricity demand over the next three years is likely to add more market volatility and increase prices and emissions if faster structural changes don’t happen, the IEA warned Friday. The International Energy Agency said in its new semi-annual Electricity Market report that there was an unprecedented rise in electricity consumption in 2021, putting pressure on power systems around the globe. Last year’s increase of over 1,500 terawat…
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