Forecast: Total Electricity Generation in Mexico

In 2023, Mexico's total electricity generation stood at 359.13 thousand gigawatt-hours, marking a year-on-year increase of 1.71% from 2022. Over the past two years (2022-2023), the electricity generation in Mexico grew steadily but at a slower pace. The CAGR over the past five years, from 2018 to 2023, was 0.86%, indicating modest growth with fluctuations due to external factors, including economic impacts and possibly the COVID-19 pandemic.

Looking ahead, the forecast until 2028 shows a consistent annual growth rate with a five-year CAGR of 1.34%, translating to a cumulative increase of 6.89% from 2023. This suggests stable but gradual growth in electricity generation, aligning with Mexico's economic expansion and increased demand for energy.

Future trends to watch for include:

• Implementation of renewable energy projects and their impact on total generation.
• Government policies and regulations affecting energy production and consumption.
• Technological advancements in energy efficiency and grid infrastructure.
• Economic factors influencing industrial and commercial energy demand.