The electricity transformation output in Norway is forecasted to increase steadily from 157.44 Thousand Gigawatthours (TWh) in 2024 to 164.2 TWh in 2028. This demonstrates a year-on-year growth trend as follows: 2024 to 2025 shows an increase of 1.09%, 2025 to 2026 an increase of 1.06%, 2026 to 2027 an increase of 1.04%, and 2027 to 2028 an increase of 1.02%. Over these five years, the compound annual growth rate (CAGR) is approximately 1.05%. For reference, the actual electricity transformation output in 2023 stood at 156.4 TWh.
Future trends to watch for in Norway’s electricity sector include the integration of renewable energy sources, advancements in grid technologies, and the impact of policies aimed at reducing carbon emissions. These factors are expected to further influence the growth trajectory and efficiency of electricity transformation in the country.
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