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Electricity 2026 Prices
Affordability and competitiveness take centre stage Average wholesale electricity prices in 2025 rose year-on-year in multiple regions and countries, including Europe and the United States, while others such as India and Australia saw lower prices compared to 2024. Looking at electricity prices for energy-intensive industries, significant variations across regions remain. EU electricity prices for energy‑intensive industries stayed elevated in 2025, again averaging over twice US levels and nearly 50% above those in China, similar to 2024, adding competitive pressure.At the same time, negative wholesale electricity prices became more common across many markets. Exceptions include the Nordic region…
- Executive summary
- Demand
- Supply
- Grids
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+ 4 pages
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Alfonso Cusi
Department of Energy Secretary. Alfonso Cusi has headed the Philippine Department of Energy since July 2016, overseeing the institutionalisation of energy efficiency measures in the country. He has more than four decades of leadership experience in both the private and public sectors, notably in the transportation and logistics industries.
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Sheltering From Oil Shocks Summary
The conflict in the Middle East has created the largest supply disruption in the history of the global oil market, due to the near halt in shipping traffic through the Strait of Hormuz. Some 15 million barrels of crude oil and 5 million barrels of oil products typically traversed the Strait each day, equivalent to around 20% of global oil consumption. These flows have slowed to a trickle. The loss of supply is having significant impacts in global markets, pushing up prices for crude oil above $100/barrel, and leading to much higher prices for some refined products – notably diesel…
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Global Energy Review 2026 Technology: Heat pumps
Global heat pump sales fell by about 2% in 2025. Sales in China and Japan were largely flat, while Europe saw a strong return of demand. Sales in the United States declined.In China, heat pump sales stayed broadly stable. Reversible air conditioners (used as primary heating equipment) make up about half the Chinese heat pump market, and while record-breaking sales of air conditioners supported strong demand in the first half the year, they fell sharply in the second half. Sales of air-to-water and hot water heat pumps, which make up the remainder of the market, remained…
- Key findings
- Global trends
- Oil
- Natural gas
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+ 9 pages
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Jinsun Lim
Former Energy and Environment Policy Analyst. Jinsun Lim leads work on climate resilience and climate change impact assessment of the energy sector. She is responsible for coordinating IEA’s engagement at COP.
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Global Critical Minerals Outlook 2025 Broader view on energy-related strategic minerals: What risks to anticipate?
Many energy-related minerals are used across multiple sectors, including digital technologies, aerospace and high-performance materials While critical minerals are often associated with electrification, renewables and battery storage, their significance extends well beyond energy, underpinning a broad array of industrial and technological applications. From AI and robotics to high-performance materials and aerospace, these minerals’ contribution to industrial and technological development is increasing, with broad economic implications. The range of strategic materials with significant implications for the energy sector should not be underestimated. Superalloys – which require a diverse array of input metals – illustrate this: approximately two-thirds of global…
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Net Zero Emissions
An increasing number of countries have been making pledges to reduce their emissions to net zero in the coming decades. To inform these efforts, the IEA released a first-of-its-kind Net Zero Roadmap in 2021, outlining what would be required within the energy sector to achieve this goal at the global level by mid-century. An update to the Roadmap, which has served as an essential benchmark for policy makers, industry, the financial sector and civil society, was published in 2023.The Roadmap is based on the IEA’s Net Zero Emissions (NZE) Scenario, which portrays a pathway for the…
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Rocío Nahle García
Secretary of Energy.
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Renewables in District Energy Executive summary
District energy is a strategic lever for energy security and emissions reduction District energy supplies around 10% of global final energy consumption for heat. As heating and cooling account for more than half of global end-use energy consumption today, this corresponds to around 5% of total energy consumption. District heating and cooling systems offer an efficient, large-scale solution for energy diversification in areas with sufficiently dense demand. By producing heat or cold centrally and distributing it through insulated networks, district energy systems can integrate diverse energy sources - including renewables - optimise demand management at scale, and support coordinated infrastructure…
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Marta Silva
Former Energy Data Officer.
