Key Market Indicators
Macedonian electricity generation is projected to see modest growth in the coming years, reaching approximately 5.8 terawatt-hours by 2028. This marks a slight increase from the 5.8 terawatt-hours expected in 2023, reflecting an average annual growth rate of 0.1%. Historically, the country's electricity supply has experienced a steady rise, averaging a 0.6% yearly increase since 1995. In the global context, Macedonia was ranked 73rd in electricity generation in 2023. Estonia edged out Macedonia with its own production of around 5.8 terawatt-hours. Leading the global ranking, the United States, India, and Russia held the second, third, and fourth positions, respectively.
