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Subject

Electricity demand.

Significance

Electricity's role in meeting end-use energy demand is expected to rise faster than the pace of overall energy demand over the next 25 years for a range of environmental, technological and developmental reasons. The rise in demand is forecast to be much more rapid in developing than advanced economies.

Impacts

High levels of investment in the power sector will be sustained.

Opportunities around new system requirements and demand sources will prompt innovation, spurring further adaptation of old business models.

The growth of electrification will see oil and gas companies extend their reach into the power sector.

Off-grid power solutions suggest an alternative model of electricity generation and consumption is evolving in some developing economies.

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