New Delhi, July 23 -- The global power demand will rise faster in 2026 and 2027 than in 2025, the International Energy Agency (IEA) has said in its mid-year review. The outlook comes in the backdrop of electricity generation costs rising due to the ongoing West Asia conflict.

The report said that electricity demand will grow by 3.6 per cent in 2026 and 3.8 per cent in 2027, up from 3 per cent in 2025. The report highlighted that the increasing demand from data centres, along with accelerating uptake of electric vehicles, air conditioning and heat pumps, will boost power consumption.

"As a result, global electricity consumption is set to reach 30 700 terawatt hours (TWh) in 2027, up from 28 600 TWh in 2025," according to the report.

The...