Key Market Indicators
German energy consumption is projected to remain stable, reaching approximately 12.4 exajoules by 2028, a slight increase from 12.35 exajoules in 2023. This stability reflects a consistent compound annual growth rate (CAGR). Historically, German energy demand has declined by 2% each year since 1970. In 2023, Germany ranked tenth in global energy consumption, with Iran narrowly ahead at 12.35 exajoules. The United States, India, and Russia took the top three spots in the ranking. Meanwhile, German energy supply is expected to see minimal growth, reaching 278 million tonnes of oil equivalent by 2028 from 277.5 million tonnes in 2023. This represents a 0% year-on-year average growth rate. Since 1965, the country's energy supply has decreased by an average of 1.8% annually. In this ranking, France, Saudi Arabia, and the United Kingdom held the second, third, and fourth positions, respectively.
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Energy in Germany - 2024 Q4
During the fourth quarter of 2024, Germany's energy market witnessed significant developments across various sectors, driven by both domestic strategies and international influences....
