The forecast for total support on end-use electricity in the residential sector of Canada shows a consistent growth from 2024 to 2028, with each year's value incrementally increasing by 0.001 percentage points of GDP. The gradual upward trend suggests a stable demand for residential electricity and continued support in this area. Unfortunately, data preceding 2024 is not provided for calculating variations, but the Compound Annual Growth Rate (CAGR) over these five years is indicative of a slow and steady growth trajectory.
Future trends to watch for include:
- Potential shifts in government policy that may impact energy support.
- Technological advancements in energy efficiency that could alter consumption patterns.
- Consumer behavior changes in response to climate change initiatives.