The forecast indicates an escalating trend in tax expenditure on end-use electricity for consumers in Canada, rising from $667.85 million in 2024 to $1,160 million by 2028. This represents an annual increase in expenditure of approximately 18.6% in 2025, followed by around 15.6% in 2026, 13.5% in 2027, and a slightly slower growth of 11.5% in 2028. This upward trajectory follows significant recent growth, reflecting a compound annual growth rate (CAGR) of 14.5% over the analyzed period.

Future trends to watch for include:

Changes in regulatory and tax policy affecting electricity costs.
Developments in renewable energy sources impacting electricity pricing.
Technological advancements that could improve energy efficiency, potentially influencing consumer demand.
Economic factors, such as inflation and economic growth, which may alter consumption patterns.