The electricity generation in combustion turbine power plants at private electric utilities in Canada is projected to grow marginally from 2024 to 2028. Forecasted values show a steady but modest increase in generation capacity, starting from 14.425 million kilowatts in 2024 to 14.615 million kilowatts in 2028. This reflects an average compound annual growth rate (CAGR) of approximately 0.3% over the five-year period.
In 2023, the generation value stood slightly lower than the 2024 forecast. Year-on-year variations indicate a consistently gradual upward trajectory, maintaining less than a 0.4% increase annually. This progressive growth suggests a stable expansion in electricity generation capacity, driven potentially by incremental efficiency improvements and increased demand management.
Future trends to watch for include technological advancements in turbine efficiency, policies related to carbon emissions, and potential shifts in government energy priorities that could influence renewable integration and fossil fuel dependency. Monitoring these factors will be crucial for anticipating longer-term impacts on electricity generation strategies within the private utility sector.
