The electricity generation in Turkey has shown a consistent upward trend from 2013 to 2023, increasing from 240.16 terawatt-hours to 340.84 terawatt-hours. The annual variations have fluctuated, with notable year-on-year increases of 4.47% in 2023 and 9.14% in 2021, contrasted with a decrease of -2.53% in 2022. The compound annual growth rate (CAGR) over the last five years has been 2.26%, indicating a moderate growth trajectory.
Looking ahead, the forecasts from 2024 to 2028 predict continued growth, with an estimated CAGR of 1.91%, leading to a total growth of 9.95% over the five-year period. By 2028, electricity generation is expected to reach 384.43 terawatt-hours.
Future trends to watch for:
- Technological advancements in renewable energy sources.
- Government policies and investments in the energy sector.
- Potential changes in energy consumption patterns.
- Impact of global energy market fluctuations on domestic production.