The forecast for direct transfer on end-use electricity in Canada between 2024 and 2028 shows a static contribution to GDP at 0.004% for the initial years with an increase to 0.005% in 2028. This consistent level in early years indicates stability in direct electricity transfers, suggesting minimal fluctuations and a mature market. However, the shift observed in 2028 points to a slight growth trajectory. Comparing this with 2023 data, ensures our forecast aligns with anticipated economic stability. The incremental rise suggests a compound annual growth rate that will likely stay consistent with broader economic trends.
Future trends to watch for include technological advancements in energy efficiency and renewable integration, which could influence the proportion of GDP directly related to electricity transfers. Policy changes encouraging sustainable practices could further impact this metric in upcoming years.
