Forecast: Energy Productivity in Australia

Energy productivity in Australia, expressed as US Dollars Per Thousand of Total Primary Energy Supply, has shown a steady upward trajectory from 2013 to 2023. Notably, it stood at 10.12 in 2023, marking a 1.5% year-on-year increase from 2022. The average growth rate over the last five years (CAGR) was 1.49%. Despite minor fluctuations such as a dip in 2019, the overall trend remains positive, reflecting continuous improvements in energy efficiency.

Projected data from 2024 to 2028 suggests a consistent increase, with the CAGR expected to be around 1.1%, culminating in a total growth rate of 5.61% over this period. This indicates sustained efforts towards enhancing energy productivity in the foreseeable future.

Future trends to watch for:

• Technological advancements and digitalization in energy management.
• Policy changes aimed at energy efficiency improvements.
• Potential impact of emerging renewable energy sources.