When the IEA published its first Electricity Market Report inDecember 2020, large parts of the world were in the midst of theCovid-19 pandemic and its resulting lockdowns. Half a year later,

electricity demand around the world is rebounding or evenexceeding pre-pandemic levels, especially in emerging anddeveloping economies. But the situation remains volatile, withCovid-19 still causing disruptions. Despite record additions ofrenewable generation capacity, fossil fuel-based generation andassociated emissions are rising along with electricity demand. Thismid-2021 edition of the Electricity Market Report highlights recentdevelopments and forecasts demand, capacity, supply andemissions through 2022. The report also analyses electricity marketprices and electricity security.