According to the latest economic report from the Directorate of Financial Studies and Forecasts (DEPF), national electricity production shows a growth of 0.8% in January 2026. Although this pace has slowed compared to the previous year, the dynamism of renewable energy and a surge in imports mark the beginning of this fiscal year.
The Moroccan electricity sector starts 2026 on a note of cautious stability. After a year marked by strong acceleration (+6.7% in 2025), the first month of the year reflects more moderate growth. However, this development conceals deep disparities among the different modes of production and sources of supply.
Renewable Energies: Drivers of Growth
The highlight of this report is the performance of green energy. Production under the provisions of Law 13-09 (private renewable energy projects) has surged by 11.8%. This increase confirms the strengthening of the national decarbonization strategy.
The National Office of Electricity and Drinking Water (ONEE) also contributes positively with a growth of 1.7%. Notably, the contribution from “national third parties” has skyrocketed by 111.9%, illustrating a greater openness of the grid to independent producers.
Decline in Private Production
In contrast, traditional private production has stagnated. It recorded a decline of 0.9% in January 2026, sharply contrasting with the +9.6% performance recorded during the same period last year. This decline has mechanically dampened the overall growth of national production.
Surge in Imports and Decline in Exports
The landscape of foreign trade is undergoing a profound transformation at the beginning of the year:
Imports: The volume of imported energy has skyrocketed by 78%. This massive reliance on international interconnections (notably with Spain) seems necessary to bridge the gap between domestic production and a demand that remains dynamic.
Exports: Conversely, electricity sales abroad continue to fall, decreasing by 15%, following a collapse of 43.6% last year.
Increase in Net Energy
Despite this rebalancing between local production and external purchases, net energy—which represents the overall consumption of the country—has increased by 4.9%. This figure reflects the vitality of economic and domestic activity in Morocco, imposing ongoing pressure on energy production and transport infrastructures to ensure national supply security.