Forecast: Electricity Generation in Mexico

Between 2013 and 2023, electricity generation in Mexico has shown a general upward trend, peaking at 346.46 TWh in 2023, with some fluctuations. Significant year-on-year variations include a dip in 2020 by -5.47%, possibly due to the COVID-19 pandemic, followed by a 3.23% increase in 2022 and a modest 1.69% increase in 2023. The Compound Annual Growth Rate (CAGR) for the period from 2018 to 2023 stands slightly negative at -0.16%, indicating stabilization in production.

Future trends to watch for include:

• Renewable energy integration and its impact on overall electricity generation.
• Government policies driving investments in infrastructure and grid modernization.
• Potential economic or environmental challenges affecting production capacity.