The forecast for total support on petroleum for electricity generation in Canada indicates a steady increase from 2024 to 2028, with figures ranging from 7.54 to 7.68 million USD in 2020 constant dollars. Assuming the value for 2023 was slightly lower, we see a slow yet consistent year-on-year growth. The annual growth from 2024 to 2028 reflects a modest increase, highlighting a trend towards maintaining or slightly expanding petroleum support in this sector.
Future trends to watch for include potential shifts in energy policies favoring renewable resources, regulatory changes impacting petroleum usage, or technological advancements in energy efficiency that could alter this steady growth pattern.
