Forecast: Electricity Generation Capacity at Public Electric Utility in Canada

The data reveals a forecasted increase in electricity generation capacity at public electric utilities in Canada from 2024 onwards. In 2023, the actual capacity stood at 2.16 million kilowatts. Comparing year-on-year, there’s been a progressive increase, with an average annual growth rate (CAGR) of approximately 4.3% over the five-year period from 2024 to 2028.

Key trends and variations:

• 2024: 2.2624 million kilowatts – up by 4.7% from 2023.
• 2025: 2.3661 million kilowatts – increase of 4.6% from 2024.
• 2026: 2.4678 million kilowatts – a rise of 4.3% from 2025.
• 2027: 2.5674 million kilowatts – growth of 4.0% from 2026.
• 2028: 2.665 million kilowatts – up by 3.8% from 2027.

Future trends to watch for:

• Continued investment in renewable energy sources significantly impacting overall capacity.
• Technological advancements in energy storage and generation efficiency.
• Government policies promoting sustainable energy infrastructure development.