Monthly Electricity Statistics

In February 2024, the total net electricity production in total OECD reached 869.1 TWh, marking a 2.3% increase compared to the same period last year.

Electricity generation from fossil fuels amounted to 397.3 TWh in February 2024, exhibiting a decline of 5.2% (equivalent to 21.8 TWh) compared to February 2023. This reduction was largely driven by lower electricity output from coal, which experienced an 8.3% year-on-year decrease, followed by gas with a decrease of 3.3% year-on-year. The decrease in coal-fired electricity generation was evident across all OECD regions, with OECD Europe experiencing the most significant decline at 20.3% year-on-year, followed by OECD Asia Oceania at 4.0% year-on-year and the OECD Americas at 3.3% year-on-year. The drop in natural gas electricity production was observed in OECD Europe (-26.4% y-o-y¹) and OECD Asia Oceania (-3.5% y-o-y), whereas the OECD Americas witnessed a 5.9% y-o-y increase. Overall, fossil fuels accounted for 45.7% of the electricity mix.

Electricity production from renewable sources increased by 11.4% y-o-y at 320.0 TWh in February 2024. This growth was primarily driven by increased electricity generation from wind power, with OECD Europe leading the trend with a notable 29.8% year-on-year increase, equivalent to 15.1 TWh. Hydropower generation also experienced a significant rise of 9.8% year-on-year, driven by increased output in OECD Europe (+34.4% y-o-y) and OECD Asia Oceania (+21.9% y-o-y), although it declined in the OECD Americas by 7.9% year-on-year. Solar power generation continued its upward trend, with significant increases observed in the OECD Americas (+30.4% y-o-y) and in OECD Europe (+9.9% y-o-y). Overall, renewables sources contributed 36.8% to total electricity production in February 2024, marking an increase of 3 percentage points compared to the same month in the previous year.

Nuclear electricity production reached 149.2 TWh in February 2024, reflecting a 6.0% increase compared to the same month last year. This growth was attributable to increased nuclear output across all OECD regions, with the OECD Americas leading with a 5.4% year-on-year increase, followed by OECD Asia Oceania (+13.2% y-o-y) and OECD Europe (+4.2% y-o-y). Overall, nuclear power contributed 17.2% to the electricity mix.