Electricity consumption has increased over the years and so the topic was usually examined by researchers. Several electricity consumption studies have been published on aggregate macro data at the country, sub-national or state level. In recent years, some of these studies have been devoted to investigating the relationship between electricity consumption and economic growth and from these empirical findings it can be said that the direction of the relationship between electricity consumption and economic growth could be differ by countries and their government policies. Several of electricity forecasting models have been developed using economic, social, geographic and demographic factors. This paper proposes a model for electricity consumption in Turkey and by following the literature, economic variables are used as explanatory variables which are highly correlated. Partial least squares regression (PLSR) is one of the effective ways of dealing with the multicollinearity problem especially arises in several econometric models. Thus, the aim of this study is to perform the partial least squares regression method to forecast annual electricity consumption using historical data for Turkey.