Total support on end-use electricity for consumers in Australia, expressed in Billion US Dollars, experienced significant fluctuations from 2013 to 2023. In 2023, the value stood at 1.17 Billion US Dollars. The data showcases notable volatility, with dramatic drops in 2018 by -46.68% and subsequent rises, such as a 47.13% increase in 2019. Post-2018, the variations moderated, with recent years reflecting a slight downward trend: -1.34% in 2022 and -1.35% in 2023.
The average annual variation over the last five years shows a mixed trend, with a forecasted -1.09% CAGR up to 2028, suggesting a cautious outlook. The overall forecast indicates a -5.34% decrease in support from 2024 to 2028.
Future trends to watch for include:
- Potential impacts of energy policy changes on support levels.
- Shifts in renewable energy adoption and its influence on end-use support.
- Economic factors affecting consumer electricity usage and support needs.
