Hydroelectricity consumption in Canada stood at 3.71 Exajoules in 2023. From 2013 to 2023, there has been generally modest fluctuations in consumption with year-on-year variations ranging from a high of 3.72% in 2022 to lows like -2.97% in 2014. The Compound Annual Growth Rate (CAGR) over the last five years has been moderately positive at 0.21%, reflecting stability in the sector. Forecasts suggest a modest increase in consumption with a 0.17% CAGR from 2024 to 2028, with hydroelectricity consumption reaching approximately 3.75 Exajoules by 2028.
Future trends to watch for include advances in hydroelectric technology, changes in energy policy favoring renewable resources, and potential impacts of climate change on water resources. Additionally, investments in hydroelectric infrastructure and cross-border energy trade may influence consumption patterns.