The UAE's electricity generation has shown a stable growth over the past decade. As of 2023, the electricity generation stood at 158.65 Terawatthours. From 2013 to 2023, the growth has been significant, with occasional fluctuations. A notable dip occurred in 2020 with a year-on-year variation of -0.83%, possibly due to the pandemic's impact, but growth resumed afterward. The past five years saw an average CAGR of 3.13%, indicating moderate growth. Forecasts predict a continuous uptrend, reaching 182.81 Terawatthours by 2028, with a forecasted 5-year CAGR of 2.25% and an overall growth rate of 11.79%.
Future trends to watch include the UAE's push towards renewable energy sources like solar and nuclear, improvements in energy efficiency, and potential regulatory changes impacting the sector. The integration of smart grid technology and ongoing infrastructure developments will also be crucial in shaping the future landscape of electricity generation in the UAE.