The forecasted tax expenditure on end-use electricity for consumers in Canada shows a stable trend from 2024 to 2026, with a slight increase beginning in 2027. This expenditure remains consistent at 0.007% of GDP from 2024 to 2026, with a moderate rise to 0.008% in 2027, maintaining the same level in 2028. This indicates a gradual increase in the commitment towards electrification and energy consumption over this period.
Future trends to watch for:
- Potential policy changes influencing renewable energy adoption.
- Economic factors impacting GDP and consequently tax expenditure as a percentage of GDP.
- Technological advancements and their impact on energy consumption and efficiency.