In 2023, the support on end-use electricity for residential use in the US was at a significant level, which is projected to gradually decrease from 2024 onwards. The forecasted data shows a consistent year-on-year decline in value, from $858.73 million in 2024 to $839.87 million in 2028, indicating a decremental trend. This reflects an annual average change of approximately -0.5% over the five-year period.

Future Trends to Watch For:

Energy efficiency improvements in households, which could further reduce electricity consumption.
Development and increasing adoption of renewable energy sources, potentially impacting traditional electricity support structures.
Policy changes and incentives aimed at reducing energy costs for residential use might alter future forecasts.
Technological advancements in energy storage and management systems.