Key Market Indicators
Canadian electricity generation is projected to reach approximately 678 terawatt-hours by 2028. This marks a modest increase from the 669 terawatt-hours expected in 2023, representing an average annual growth rate of 0.2%. Since 1990, Canada’s electricity supply has maintained a consistent growth rate of 0.2% annually. In 2023, the country ranked seventh globally in electricity generation. Notably, Brazil surpassed Canada in 2023, matching Canada’s production with 669 terawatt-hours. The leading countries in electricity generation were the United States, India, and Russia, occupying the second, third, and fourth spots, respectively.