In 2023, direct transfer on natural gas for consumers in Canada stood at an estimated baseline value. From 2024 onwards, forecasts show a consistent upward trend. The year-on-year forecasted increase is approximately 15% for 2025, easing to around 13.4% in 2026, and continuing at a steady 11.7% in 2027, with a slight decline in pace to 10.4% by 2028. The 5-year compound annual growth rate (CAGR) estimates an average annual increase of approximately 11.6%.
Future trends to watch include potential impacts of regulatory changes, technological advancements in energy efficiency, alternative energy competition, and global market fluctuations influencing natural gas prices in Canada.
