Geothermal and biomass energy consumption in Mexico stood at 6.46 TWh in 2023, reflecting a -2.51% year-on-year decrease from 2022. Over the last five years, the CAGR was -2.6%, indicating a steady decline. Historical data shows fluctuating consumption from 2013 to 2017, followed by a consistent downward trend from 2018 onward. Notably, there were substantial drops in 2021 (-13.41%) and incremental changes thereafter.
Future Trends to Watch For:
• Technological advancements in renewable energy may counteract current declines.
• Policy changes and incentives could shift the trajectory.
• Global energy market dynamics might influence local consumption patterns.