In 2023, electricity generation from internal combustion turbine power plants at private electric utilities in Canada was recorded at an unspecified baseline. In 2024, the forecast suggests a generation level of 94.699 million kW, with slight annual increases observed each year up to 2028, reaching 95.368 million kW. This reflects a modest upward trend with year-on-year growth rates stabilizing below 1%. The five-year compound annual growth rate (CAGR) also highlights a minimal but consistent increase over this period.
Looking ahead, key trends include the integration of more renewable energy sources and advancements in energy storage technologies. These could impact the reliance on internal combustion turbines, necessitating adaptability within private utilities.
