Global power consumption to fall for first time since 1945 - IEA

22 May 2009 - Global electricity consumption will fall this year for the first time since 1945, according to the International Energy Agency.

The watchdog for developed energy consuming countries will tell energy ministers from the Group of Eight leading economies on Sunday that electricity demand will fall 3.5 per cent in 2009, reported the Financial Times.

In China, where power use is seen as a more reliable barometer of economic activity than official economic measures, consumption will be more than 2 per cent lower than 2008. Russia will see a fall of almost 10 per cent, while countries in the Organisation for Economic Co-operation and Development will see a fall of almost 5 per cent.

Three-quarters of the global decline in consumption is accounted for by industrial rather than household demand, reflecting the fall in demand from China's manufacturing-heavy economy. Consumption in India, by contrast, is expected to increase 1 per cent.

"This shows how deep a recession we are in," said Fatih Birol, IEA chief economist. "Oil demand has declined in the past due to oil price shocks, financial crises – but electricity consumption has never decreased.

Sponsored by FLSmidth

Related Articles

Fuel Tech receives air pollution control contracts worth $3.6Mn

Fuel Tech Inc. has received multiple air pollution control (APC) contracts, worth approximately $3.6 million, from customers in China, Europe and the U.S.

Video: Duke Energy acquires Halifax Solar Project in North Carolina

Duke Energy Renewables (NYSE: DUK) has acquired a 20-MW solar project in Roanoke Rapids, North Carolina, from Geenex and ET Solar Energy Corp.

Follow Power Engineering on Twitter
Latest News
Exelon-Pepco release statement, say D.C. Public Service Commission failed to see merger's 'substantial' customer benefits

Exelon-Pepco: Regulators failed to see merger's 'substantial' customer benefits

Despite a unanimous rejection from regulators in the nation’s capital, power companies Exelon...
Makai’s plant will generate 100 kW of sustainable, continuous electricity – enough to power 120 homes in Hawaii each year.

Makai Ocean Engineering connects world's largest OTEC plant to U.S. grid

Makai’s plant will generate 100 kW of sustainable, continuous electricity – enough to power 1...
Canadian Solar sells stake in Tranquility solar power project in California to Southern Power

Canadian Solar unit sells solar power project stake to Southern

Canadian Solar Inc. said its subsidiary sold its ownership stake in a 200-MW solar power proj...
Plant Vogtle construction costs down in first half 2015

Plant Vogtle nuclear expansion spending down in first half of 2015

Georgia Power said in a report that the utility estimates it will spend less on construction ...
Renewable energy developer Cypress Creek Renewables building 2 utility-scale solar farms in South Carolina

Renewable energy developer Cypress Creek Renewables building 2 utility-scale solar farms in South Carolina

Cypress Creek Renewables is investing more than $20 million in new projects in South Carolina.
The Nuclear Regulatory Commission on Thursday cited a

US regulators, Millstone nuke plant settle dispute

The parent company of Connecticut's nuclear plant and federal regulators have reached a settl...
Duke Energy is looking to bring 53 MW of utility-scale solar capacity to the company’s South Carolina service areas by the end of 2016.

Duke Energy launching solar-generating program for South Carolina customers

Duke Energy is looking to bring 53 MW of utility-scale solar capacity to the company’s South ...

Power Engineering Current Issue

03/01/2014
Volume 118, Issue 3
1403PE-cover
Products Showcase
Dynamic Fluoride Ion cleaning DFIC of industrial natural gas turbines Hi-Tech Furnace Systems

Dynamic Fluoride Ion Cleaning of IGT Parts

The Dynamic Fluoride Ion Cleaning (DFIC) Process from Hi-Tech Furnace Systems is able to clean deep, narrow cracks of oxides by cycling between negative, atmospheric, and positive pressure.

Archived Articles

2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013

Power Industry Wire News

Sunergy Management and Its IPP Partner Has Received an Invitation From the Government of Liberia to Attend the US-Liberia Trade and Investment Forum Held in NY on September 16

Sunergy Management and Its IPP Partner Has Received an Invitation From the Government o...

UGE International and Alpha Energy to Collaborate on Microgrid Projects

UGE International and Alpha Energy to Collaborate on Microgrid Projects

Mid-Atlantic Aviation Partnership to Explore Tethered Drone Commercialization With Drone Aviation Holding Corp.

Mid-Atlantic Aviation Partnership to Explore Tethered Drone Commercialization With Dron...

Perma-Fix Medical S.A. Announces Successful Completion of 6 Curie Tests With Scale-Up of Its Non-Uranium Process to Procure Technetium-99m

Perma-Fix Medical S.A. Announces Successful Completion of 6 Curie Tests With Scale-Up o...

Power, Rail, Pharma Lead Northeast in $100 Billion of Planned Projects, an Industrial Info News Alert

Power, Rail, Pharma Lead Northeast in $100 Billion of Planned Projects, an Industrial I...

Power Engineering

Article Archives for Power Engineering Magazine

Continuing Education

Professional Development Hours

To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

Latest Energy Jobs

View more Job Listings >>