Hydroelectricity consumption in the US observed some fluctuations between 2013 and 2023, beginning at 2.62 Exajoules in 2013 and standing at 2.43 Exajoules in 2023. Notably, year-on-year changes showed significant variations, such as a sharp decline of 12.3% in 2021, and moderate increase of 3.5% in 2022. However, recent years reveal a stabilization around 2.43 Exajoules. The 2023 figures reflect a slight decrease of 0.041% from the previous year.
Over the last five years, the compound annual growth rate (CAGR) indicates a negative trend of -2.53%, highlighting the consumption's overall downward trajectory. Looking forward, forecasts until 2028 predict a stable consumption level of 2.43 Exajoules, with a CAGR of 0%, suggesting no expected growth or decline.
Future trends to watch include potential technological advancements in hydroelectric power generation, shifts in energy policy promoting renewable sources, and environmental factors impacting water availability. These could influence hydroelectricity consumption rates beyond the current forecasts.
