Key Market Indicators
Russian electricity generation is projected to climb to approximately 1,240 terawatt-hours by 2028, up from around 1,190 terawatt-hours in 2023. This marks an average annual growth rate of 0.6%. Since 1990, Russia's electricity supply has increased by an average of 1.4% per year. In 2023, Russia ranked fourth in global electricity production, narrowly trailing India, which also generated around 1,190 terawatt-hours. The United States, India, and Russia held the second, third, and fourth positions, respectively, in global electricity generation rankings for 2023.
