Profound transformations will jolt the global electricity landscape in 2025. AI and datacenter proliferation are creating expectations of surging electricity demand. Competition is escalating between conventional power generation, established renewable technologies and emerging alternatives. Changes in power market operations, driven primarily by the penetration of variable renewables — 590 GW of solar and wind capacity were added globally in 2024, a new record — are causing technical and economic challenges in many regions. Market designs must address these new conditions.

Download this report for insights into five key trends that we believe will define power and renewables markets worldwide this year.