Key Market Indicators
Canadian electricity generation is projected to reach approximately 678 Terawatt-hours by 2028, marking a modest growth from around 669 Terawatt-hours in 2023. This represents an average annual growth rate of 0.2%. Since 1990, Canada's electricity supply has consistently grown at an average rate of 0.2% per year. In 2023, Canada ranked seventh globally in terms of electricity generation, with Brazil surpassing it with a production level of 669 Terawatt-hours. The United States, India, and Russia occupied the second, third, and fourth positions respectively in the global ranking for electricity generation.
