In 2023, Indonesia's primary energy consumption was recorded at 9.02 Exajoules. Forecasts for the upcoming years from 2024 to 2028 show a steady increase in energy consumption, with values rising from 9.3 Exajoules in 2024 to 10.45 Exajoules in 2028. This reflects a year-on-year growth of approximately 3.1% from 2024 to 2025 and around 2.9% from 2025 to 2026, followed by a 2.8% increase from 2026 to 2027 and a 2.9% rise from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over this five-year period stands at roughly 2.99%.
Future trends to watch for:
- The shift towards renewable energy sources as Indonesia aims to diversify its energy mix.
- Technological advancements and infrastructure investments enhancing energy efficiency.
- Policy changes and economic factors influencing energy demand and consumption patterns.
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