Forecast: Transformation Output of Electricity in Finland

The transformation output of electricity in Finland shows a generally stable trend with some fluctuations over the last decade. In 2023, it stood at 6.15 million tonnes of oil equivalent. Year-on-year variations for the recent years indicate minor variations, with a small decline in 2022 (-1.89%) and a mild increase in 2023 (1.01%). The Compound Annual Growth Rate (CAGR) over the past five years was 0.34%, showing a very modest average increase annually.

The forecasts for the future show a positive trend with the electricity transformation output expected to grow. From 2024 onward, steady annual increases are predicted, leading to a 6.44 million tonnes of oil equivalent by 2028. The forecasted 5-year CAGR is 0.76%, indicating a stronger growth rate compared to the recent past, with an overall 3.84% growth over the forecast period.

Future trends to watch for include the impact of renewable energy integration on overall electricity output and the potential influences of energy-efficiency measures and technological advancements on production efficiency.