Key Market Indicators
Cyprus' electricity generation is projected to reach approximately 5.6 terawatt-hours by 2028, up from around 5.3 terawatt-hours in 2023. This marks a compound annual growth rate (CAGR) of 0.8% over the five-year period. Since 1990, the country's electricity supply has been increasing at an average rate of 1.2% per year. In the global ranking of electricity generation for 2023, Cyprus holds the 74th position. North Macedonia has recently surpassed Cyprus with its own generation reaching about 5.35 terawatt-hours. At the top of this ranking, the United States, India, and Russia occupy the second, third, and fourth positions, respectively.
