In 2023, the thermal electric power generation at public electric utilities in Canada stood at 27.5 million kilowatts. From 2024 to 2028, the forecasted data suggests a steady increase in power generation, with values rising from 27.939 to 29.45 million kilowatts. The year-on-year growth rate is approximately consistent over this period: from 2024 to 2025 a growth rate of around 1.4%, and continuing similarly until 2028. The compound annual growth rate (CAGR) across these five years indicates a moderate upward trend in thermal electric power generation.

Future trends to watch for include:

Potential changes in energy policies focused on renewable energy might impact the reliance on thermal power.
Technological advancements in power generation efficiency could alter forecasted outputs.
Economic fluctuations or shifts in market demand could influence production levels.