Key Market Indicators
Singapore's electricity generation is projected to hit 63 terawatt-hours by 2028, up from 58 terawatt-hours in 2023. This represents an average annual growth rate of 1.4%. Since 1990, the nation's electricity supply has increased at an average rate of 1.9% per year. In 2023, Singapore ranked 50th globally in electricity generation, with Peru narrowly ahead at 58 terawatt-hours. The leading countries in electricity generation remain the United States, India, and Russia, holding the second, third, and fourth positions, respectively.
