The power sector can be decarbonised 5-10 years before previous estimates. As electricity demand recovers to pre-pandemic levels, renewables continue to dominate the generation mix, while fossil-based generation drops. This year’s Power Barometer, a set of key industry indicators, leveraging a data-driven approach and industry-wide figures, reflects a historic development in the power sector, and points to the challenges ahead of delivering the Fit for 55% ambitions.