Forecast: Electricity Generation in Indonesia

Electricity generation in Indonesia has shown a general upward trend from 2013 to 2023, reaching 345.73 Terawatthours in 2023. The most notable increases were in 2018 and 2022, with year-on-year growth rates of 11.43% and 7.77% respectively. However, in 2020, there was a slight decline of 1.22% likely due to the COVID-19 pandemic. The five-year CAGR leading up to 2023 was 4.03%, reflecting a steady increase despite occasional fluctuations.

Looking towards the future, electricity generation is forecasted to continue rising, with a year-on-year growth of 3.95% between 2023 and 2024. By 2028, it is expected to reach 413.65 Terawatthours. The five-year CAGR for the forecasted period is 2.85%, indicating a slower but stable growth compared to the historical pattern.

Future trends to watch for include advancements in renewable energy integration, the impact of regulatory changes, and the influence of economic growth on electricity demand. Monitoring these factors will be essential for understanding the industry's trajectory and preparing for potential shifts in the market.