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The phrase "electricity industry" is correct and usable in written English.
You can use it to describe the sector of the economy whose primary business is the generation and distribution of electricity. For example: "The deregulation of the electricity industry has led to increased competition and lower prices for consumers."
Exact(60)
It has proposed two emissions trading schemes – one for big industrial polluters and an electricity industry model.
The electricity industry will also be liberalised.
BRITAIN'S electricity industry operates under a bracing regime.
Despite a better electricity industry, power shortages remain a bugbear.
The electricity industry is beset by "circular" debts.
He has startled the Italian electricity industry along the way.
Reliability in the U.S. electricity industry under new environmental regulations.
New York's electricity industry has striking similarities to California's.
One of the most glaring examples is the electricity industry.
The past three decades transformed the electricity industry.
AFTER "rate hikes", the most common phrase in America's electricity industry these days is "death spiral".
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com