Canada's public electric utility nuclear generation has shown a steady upward trend from 2013 to 2023, increasing from 5.8364 Million Kilowatts to 14.812 Million Kilowatts. The year-on-year variations reveal fluctuations, with notable peaks in 2014 (28.67%) and 2015 (30.19%), followed by a slower growth trend culminating in a 4.18% increase in 2023. The five-year CAGR from 2018 to 2023 stands at 4.8%, illustrating a modest but consistent growth trajectory.
Looking forward, the forecast from 2024 to 2028 predicts continued growth, albeit at a slower pace, with a five-year CAGR of 2.98%. By 2028, nuclear generation is expected to reach 17.93 Million Kilowatts, marking a total growth of 15.8% over the forecast period.
Future trends to watch for include advancements in nuclear technology, governmental policies on energy, and investments in sustainable and renewable energy sources, which could impact the growth rate and overall volume of nuclear energy generation.