The forecast for Total Support on End-Use Electricity for Canadian consumers shows a consistent year-on-year increase from 2024 to 2028. Starting in 2024 at 0.01% of GDP, it grows steadily by approximately 0.001 percentage points annually to reach 0.014% in 2028. This reflects a year-on-year growth of around 10% in each of these years, indicating a moderate but stable rise. The compound annual growth rate (CAGR) over this five-year period is about 9.1%, showcasing a steady trend of gradual increase.
Looking ahead, future trends to watch for include potential impacts of policy changes in renewable energy adoption, technological advancements in electricity consumption efficiency, and shifts in economic conditions affecting consumer support dynamics. Monitoring these factors will be crucial to understand their influence on future GDP allocations towards electricity support.
