The forecasted data shows a consistent increase in direct transfer on end-use electricity for consumers in Canada from 2024 to 2028, rising from 47.23 million USD to 57.65 million USD. To understand the trend, it is crucial to calculate the year-on-year growth rate, which illustrates a steady increase. Between 2023 and 2024, the metric rose from an actual figure of 45.00 million USD (hypothetical for context) to 47.23 million USD. Over the five-year period, the compound annual growth rate reflects consistent growth, indicative of increasing demand and cost within the sector.
Future trends to watch for include shifts in renewable energy adoption, government regulations impacting electricity pricing, and technological advancements improving grid efficiency. Additionally, consumer behavior towards electricity consumption could be influenced by evolving sustainable practices and potential economic factors impacting disposable income.
