The total electricity generation in Chile stood at 89.23 thousand gigawatt-hours in 2023. The data show a general upwards trend from 2013 to 2023, except for a significant dip in 2020. Year-on-year growth recovered strongly in 2021 and maintained a positive trajectory, though at a slower pace, leading up to 2023 with a growth of 2.03%. The compound annual growth rate (CAGR) over the last five years was 2.24%. Looking forward, the forecasted CAGR for the next five years is anticipated to be 1.57%, with a total growth rate of 8.1% over the same period.
Future trends to watch for include advancements in renewable energy technologies, policy changes related to energy regulations, and the integration of smart grid technologies. Additionally, economic factors, climate initiatives, and international energy market dynamics will play a crucial role in shaping the future of electricity generation in Chile.