In 2023, the support on end-use electricity for residential purposes in Canada stood at a certain level. Over the forecast period from 2024 to 2028, the data reveals a consistent upward trend. The year-on-year growth rates show healthy increases, with forecasts indicating a consistent rise in support ranging from approximately 6.98% in 2024 to a 5.68% increase in 2028. The average compound annual growth rate (CAGR) across these years is projected to be 6.20%, highlighting a stable upward trajectory in financial support.

Future trends to watch include:

The potential impact of energy efficiency initiatives and technological advancements on electricity consumption.
Government policies and incentives aimed at reducing carbon footprints and promoting sustainable energy use.
Consumer behavior trends in energy usage, particularly as residential demand dynamics evolve.