In March 2020 the word was named as a global pandemic. A lot of infrastructures were affected by this. The commercial sector was also partly affected by this Covid-19 which led to a 2% drop in the global electricity.
In 2021 it would have predicted that the energy requirement is intended to grow with 3%. This means that the global demand will be higher than in 2019. An additional of two-thirds demand is expected in Asia Pacific region. Most of this growth is dense in India and China and is expected to grow by 3.6% and 5.2%. These countries show remarkable growth in the end of 2020.
The biggest uncertainty for electricity demand in 2021 is that the further development of the Covid-19 pandemic and the measurement that needs to be taken to stop the spreading and availability and also the effectiveness of vaccines. The commercial sector was hit hard by the constant lockdown measurements. Supporting business and economic prospect depend on government stimulus packages.
Related emission and electricity supply in 2021
It is expected that the electricity demand is about to recover, most likely that fossil fuel-based will regain some of it that was lost in 2020. Coal is expected to see a huge recovery- but has suffered great losses in 2020. Due to increasing gas prices coal is expected to recover half of its losses in 2020.
Renewable energy like wind and solar PV are growing by 11% and 17%. A total of 29% renewable are approaching a global market share. The growth of low-carbon electricity is expected to exceed fossil-fuel in 2021 – but the global emissions could rise again.