Key Market Indicators
Canadian nuclear power consumption is projected to reach approximately 0.8 exajoules by 2028, up from around 0.8 exajoules in 2023. This represents a modest annual growth rate of 0.5%. Notably, since 1970, Canadian demand for nuclear power has seen a yearly decline of 3%. On the generation side, Canadian nuclear power is expected to produce about 100,150 gigawatt-hours by 2028, an increase from 97,780 gigawatt-hours in 2023. This growth reflects an average annual rise of 0.4%. Historical data since 1979 indicates a more robust yearly increase in nuclear power supply, averaging 0.6%. These figures highlight the gradual, yet steady, trends in both the consumption and generation of nuclear power in Canada over the coming years.
