Canada's nuclear energy consumption has seen fluctuations over the past decade. In 2013, the consumption stood at 0.97 Exajoules, rising briefly in 2014 before experiencing a general downward trend through 2022. The value for 2023 shows a slight rebound, standing at 0.79 Exajoules. The year-on-year variations have been quite volatile, with notable decreases in 2020 and 2021, followed by a small increase in 2023. The CAGR reflects these trends, highlighting a contraction in the past five years at -3% per year.
Forecasts for 2024-2028 predict relatively stable levels of nuclear energy consumption, with a modest average annual growth of 0.45%. Key future trends to watch for include advancements in nuclear technology and policy changes that could impact energy strategies, which may either augment or curtail nuclear energy consumption in Canada.
