From 2013 to 2023, the data indicates a consistent increase in electric power transmission and distribution losses in Canada, rising from 8.47 to 9.19 units. Over this period, year-on-year variations have been fairly stable, ranging from 0.23% to 2.89%, with the last two years showing variations of 0.60% in 2022 and 0.58% in 2023. The Compound Annual Growth Rate (CAGR) over the past five years has been 0.61%, demonstrating a steady incremental trend.
Forecast data from 2024 to 2028 continues this upward trajectory, with the 2028 forecast indicating a value of 9.44 units. This period is anticipated to have a 5-year CAGR of 0.42% and an overall growth rate of 2.14%.
Future trends to watch for:
- Technological advancements aiming to reduce losses in transmission and distribution.
- Potential changes in regulatory policies addressing efficiency measures.
- Innovations in grid infrastructure and smart grid technologies.
- Impact of renewable energy sources and decentralized energy systems.
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