The forecasted data for Fuel Oil Gross Electricity Production in Austria indicates a consistent declining trend from 2024 to 2028, with values starting at 29.76 Thousand Tonnes of Oil Equivalent (ktoe) in 2024 and decreasing to 24.63 ktoe by 2028. For reference, the value in 2023 was 30.75 ktoe. This suggests a year-on-year reduction of approximately:
• 2024: -3.22%
• 2025: -4.77%
• 2026: -4.70%
• 2027: -4.56%
• 2028: -4.46%
The Compound Annual Growth Rate (CAGR) between 2024 and 2028 is projected at -4.34%, indicating an average annual decline in fuel oil use for electricity production.
Future trends to watch for:
• Increasing investment in renewable energy sources and the impact on reducing dependency on fuel oil for electricity production.
• Policy changes aimed at reducing carbon emissions and their potential to further accelerate the decline in fuel oil use.
• Technological advancements in energy efficiency and potential shifts in energy mix preferences.
