Power

Power is the electricity generation and distribution sector, encompassing the production, transmission and supply of electrical energy to industrial, commercial and residential consumers. The industry includes utilities that operate coal-fired, gas-fired, nuclear, hydroelectric and renewable energy power stations, as well as the grid infrastructure that delivers electricity to end users. Power generation is a capital-intensive sector requiring substantial investment in generation capacity, transmission networks and distribution systems. The industry is a major consumer of primary energy sources, particularly coal, natural gas and increasingly renewable resources such as solar and wind. In many economies, power utilities are subject to regulatory oversight governing tariffs, reliability standards and environmental compliance. The sector plays a critical role in economic development, as reliable and affordable electricity supply underpins manufacturing, mining, transport and household consumption. Coal remains a significant fuel source for power generation in developing economies, particularly in Asia, where thermal coal-fired plants provide baseload capacity. The transition to lower-emission generation technologies is reshaping the industry globally, driven by climate policy, technological advances and changing fuel economics. Power demand growth is closely linked to industrialisation, urbanisation and rising living standards, making the sector a key indicator of economic activity.