Age of Electricity is here, IEA declares as it highlights energy security threats

The International Energy Agency (IEA) has declared that the “Age of Electricity is here” in its latest World Energy Outlook, which again underlines that electricity demand will grow much faster than overall energy use in all three scenarios outlined in the report. “Last year, we said the world was moving quickly into the Age of Electricity – and it’s clear today that it has already arrived,” executive director Fatih Birol says, highlighting that rising electricity consumption is no longer limited to emerging and developing economies.