Chile's hydroelectricity consumption has experienced a mixture of fluctuations and stabilization between 2013 and 2023. The highest consumption was observed in 2014 with a 15.38% increase year on year, followed by significant drops, such as in 2016 with a -17.03% variation. Recent years have shown minor fluctuations, with a notable 22.94% increase in 2022, yet a slight decline by -3.35% in 2023. The Compound Annual Growth Rate (CAGR) over the last 5 years stands at -1.96%, indicating an overall general decline in hydroelectricity consumption.
From 2024 onwards, forecasts suggest a steady yet minimal increase in consumption, projecting a total growth rate of 2.45% by 2028 with an average annual increase (forecast CAGR) of 0.49%.
Future trends to watch for:
- The impact of climate change on renewable energy sources.
- Government policies promoting or regulating hydroelectric power.
- Technological advancements improving hydroelectric efficiency.
- Competition from other renewable sources like wind and solar power.
