16 Oct IEA’s Monthly Electricity Statistics report
| The latest IEA’s Monthly Electricity Statistics report including July 2023 data shows that for Total OECD: In the OECD, total net electricity production amounted to 980.6 TWh in July 2023, marginally down by 0.9% compared to the same month last year. Electricity production from fossil fuels totaled 523.0 TWh in July 2023, down by 4.3% or 23.5 TWh compared to July 2022. This decrease was mainly driven by a sharp decline in electricity output from coal (-12.6% y-o-y), while natural gas remained relatively unchanged compared to previous year’s levels (+0.2% y-o-y). Although lower electricity generation from coal was registered in all OECD regions, the most significant drop was observed in OECD Europe (-30.2% y-o-y). Overall, the share of fossil fuels in the OECD electricity mix settled at 53.3%, approximately two percentage points lower than in July 2022. Total electricity production from renewable sources grew by 2.2% y-o-y reaching 304.8 TWh in July 2023, with solar power confirming its strong momentum (+15.8% y-o-y), followed by wind power (+6.0% y-o-y). These two renewable technologies offset reduced output from hydropower (-4.8% y-o-y), mainly due to significantly lower hydropower generation in the OECD Americas (-13.9% y-o-y). Renewables accounted for 31.1% of total OECD electricity production, up by one percentage point compared to July 2022. Nuclear electricity production totaled 150.1 TWh in July 2023, marking a 5.6% increase or 7.8 TWh more year-on-year, with higher generation being observed in all OECD regions. The share of nuclear power in the OECD electricity mix settled at 15.3%, one percentage point higher than in July 2022. |
In China, total net electricity production was high at 855.6 TWh in July 2023, up by 5.2%, equivalent to 42.3 TWh, compared to the same month last year. This increase was primarily attributed to the country’s suffering from a severe heatwave, which drove electricity consumption to record-high levels. The additional electricity generation was almost entirely provided by fossil fuels (+7.9% y-o-y or 40.6 TWh), largely driven by coal. Renewables, on the other hand, remained stable (+0.2% y-o-y), as strong wind (+34.5% y-o-y) and solar power (+22.8% y-o-y) compensated for significantly lower hydropower generation (-17.2% y-o-y).
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