Austria's electricity generation from 2013 to 2023 demonstrated fluctuations with both upward and downward trends. In 2023, the electricity generation stood at 72.06 TWh. Noteworthy variations include a significant rise in 2019 by 8.18% and a decline in 2022 by 3.16%, followed by a recovery in 2023 with a rise of 5.17%. The compound annual growth rate (CAGR) over the last five years leading up to 2023 is 0.98%.
Future projections from 2024 onwards indicate a moderate growth pattern, with the electricity generation expected to reach 73.33 TWh by 2028. The forecasted 5-year CAGR is 0.27%, reflecting a stable yet slow increase in electricity generation.
Future trends to watch for:
• Technological advancements in renewable energy sources and their impact on overall electricity generation.
• Policy changes and government incentives for clean energy that could influence production levels.
• Potential economic factors or energy demand shifts that could affect generation trends.