Total electricity generation in Sweden in 2023 stood at 169.57 Thousand Gigawatthours, reflecting a slight increase of 0.77% year-on-year. The average annual growth rate (CAGR) over the last five years up to 2023 was 1.21%. Historical data shows fluctuations, with notable increases in 2015 and 2021, while years like 2016 and 2020 experienced declines.
Looking ahead, forecasted data up to 2028 predicts a steady increase in electricity generation, achieving a forecasted 5-year CAGR of 0.62% and an overall growth of 3.12%. This suggests moderate but stable growth in the sector.
Future trends to watch for include:
- Transition towards renewable energy sources
- Government policies impacting energy production
- Technological advancements in energy efficiency
- Potential impacts of climate change on hydroelectric production
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