Monthly Electricity Statistics

In August 2024, total net electricity production in the OECD was 981.9 TWh. This represents an increase of 1.1% year-on-year and 2.7% year-to-date.

Fossil fuels contributed 51.5% of total OECD electricity production in August 2024 totalling 505.3 TWh, a 3.2% decrease compared to the same month last year. The decrease was largely due to reduced coal-fired electricity generation, which fell by 6.5% year-on-year, lowering coal’s share to 16.9 %. OECD Americas experienced the most significant decline in absolute terms, with a 12.9% reduction year-on-year. Electricity generation from natural gas also decreased, down 1.0% year-on-year to 322.9 TWh, with percentage increases in OECD Americas (+1.2% y-o-y1) and OECD Asia Oceania (+5.4% y-o-y) offset by a large decrease in OECD Europe (-16.9% y-o-y). 

Renewable sources contributed 32.4% of total OECD electricity production in August 2024, representing a 7.6% increase year-on-year. This growth was driven by significant increases in solar (+27.3% y-o-y) and wind (+5.5% y-o-y) generation, which offset a slight decrease in hydro generation (-3.2% y-o-y). The continued growth in solar generation saw double-digit increases across all regions year-on-year: OECD Americas +32.2%, OECD Europe +28.8% and OECD Asia Oceania +16.8%. Wind generation in OECD Asia Oceania increased by 40% year-on-year to 5 TWh, or 2.8% of total generation in the region. OECD Europe generated the largest amount of electricity from wind in August 2024 (37.9 TWh), an increase of 5.5% year-on-year. The decrease in hydro generation was seen across all regions but most strongly in both percentage and actual terms in OECD Asia Oceania (-13.9% y-o-y or -1.7 TWh).

Nuclear power accounted for 15.8% of total OECD electricity production in August 2024, marking a 3.2% increase year-on-year. The increase was mainly driven by strong percentage and absolute increases in OECD Europe (+13.5% y-o-y or 6.6 TWh), notably from France (+13.5% y-o-y or 4.6 TWh). Conversely OECD Americas and OECD Asia Oceania saw relative decreases 0.3% and 6.8% year-on-year, respectively.

In August 2024, nuclear power generation in India amounted to 5162 GWh, reflecting a significant year-on-year increase of 25.7% and contributing 3.16% to the overall electricity mix. This increase results from ongoing developments in the nuclear energy sector, including the commissioning of new reactors within the year, as part of India’s strategy to diversify its energy sources and enhance its nuclear capacity.