The forecasted consumption for residential end-use electricity in the US shows a stable pattern from 2024 to 2027, with a slight decline projected in 2028. The data points maintain a constant representation as a percentage of GDP at 0.004% from 2024 to 2027, before slightly decreasing to 0.003% in 2028. This suggests minimal fluctuations in economic contribution. Between 2023 and 2024, the trend remains steady, with no significant year-on-year variation, indicating consumption stability.
Future trends to watch for include:
- Impact of technological advancements on electricity consumption.
- Potential policy changes affecting renewable energy incentives.
- Shifts in consumer behavior towards more energy-efficient practices.
- Economic fluctuations that could alter electricity demand.
