Between 2013 and 2023, Thailand's hydroelectricity consumption displayed significant fluctuations with downturns in early years and sporadic upswings. In 2023, hydroelectric consumption stood at 0.054 Exajoules, an approximately 13% decline from the previous year. Over these ten years, the Compound Annual Growth Rate (CAGR) has varied widely, indicating a lack of stable growth. From a longer-term perspective, Thailand's hydroelectric consumption has shown overall inconsistencies, with both sharp declines and notable rises, reflecting an unstable consumption pattern.
Looking ahead, the forecast from 2024 to 2028 anticipates a modest annual growth rate of 0.37%, summing up to an overall growth of 1.85% over the five years. This prediction points to relative stabilization compared to historical data, but the growth rate remains conservative.
Future trends to watch for:
- Investments in renewable energy sources and their impact on hydroelectric consumption.
- Government policies towards sustainable energy and possible increased focus on hydroelectricity.
- Technological advancements in hydroelectric power generation.
- Environmental impacts and their influence on energy policies.
