The consumption of hydroelectricity in Finland has shown variability over the past decade, with peaks and troughs noticeable in the year-on-year changes. In 2023, hydroelectricity consumption stood at 0.14 Exajoules, representing a 9.38% increase from 2022. Over the past two years, consumption showed fluctuations—most notably a significant decrease of 14.09% in 2022 followed by the recent rise. The past five-year CAGR was at 1.97%, indicating modest growth. Forecasted data from 2024 onwards suggest a stabilization in consumption at 0.14 Exajoules with a projected flat CAGR of 0% over the next five years.
Future trends to watch for:
- Stability in hydroelectric consumption, as forecast numbers remain constant.
- Potential impacts of climate change on hydropower sources.
- Government policies or technological advancements in hydroelectric power.
