In 2023, the inland demand for electricity in Norway stood at 135.12 thousand gigawatthours. From 2024 to 2028, we observe a consistent increase in this demand. Specifically, forecasts indicate an increase from 135.84 thousand gigawatthours in 2024 to 138.7 thousand gigawatthours in 2028. Year-on-year, the demand increases by approximately 0.54% between 2024 and 2025, and by around 0.53% between 2025 and 2026. For the period from 2026 to 2027, a growth of about 0.52% is expected, and from 2027 to 2028, the increment is projected to be nearly 0.51%. Over the last five years, the compound annual growth rate (CAGR) averages to approximately 0.52% annually.
Future trends to watch for include potential shifts from varied economic conditions, evolving energy policies, and advancements in technology, particularly in renewable energy sources. Additionally, any significant changes in population growth and industrial activities will be pivotal in shaping the inland electricity demand in Norway.
