Electricity generation in Malaysia has steadily increased from 140.99 terawatt-hours in 2013 to 186.56 terawatt-hours in 2023. The compound annual growth rate (CAGR) over the past five years (2018-2023) is 1.81%. The year-on-year increase for 2023 was 2.01% compared to the previous year. Post-2023, generation is forecasted to grow to 208.43 terawatt-hours by 2028, reflecting a forecast 5-year CAGR of 1.76%.
Key Future Trends to Watch:
- Increased adoption of renewable energy sources impacting total production dynamics.
- Technological advancements enhancing production efficiency.
- Policy shifts aimed at reducing carbon emissions influencing the energy mix.
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