Forecast: Electricity Generation in Thailand

The electricity generation in Thailand experienced fluctuations from 2013 to 2023, peaking at 186.5 Twh in 2019. The subsequent years saw slight declines, but a recovery began in 2022 with the value reaching 180.35 Twh. In 2023, electricity generation stood at 183 Twh. Year-on-year variation over the last two years shows a moderate upward trend, with a 2.26% increase in 2022 and a 1.47% rise in 2023. The CAGR over the last five years was 0.58%, indicating a gradually improving trend.

Looking ahead, electricity generation is forecasted to grow steadily with a CAGR of 1.06% over the next five years, culminating in a value of 195.69 Twh by 2028. This represents an overall growth rate of 5.4% from 2023 levels.

Future trends to watch for include the impact of renewable energy adoption, governmental policies promoting energy efficiency, and technological advancements in power generation. Diversification of energy sources and increasing energy demand due to urbanization and industrialization are also key factors that could influence future electricity generation trends in Thailand.