Key Market Indicators
British electricity generation is projected to hit approximately 329 terawatt-hours by 2028, rising from around 324 terawatt-hours in 2023. This marks a compound annual growth rate (CAGR) of 0.2%. Since 1990, Britain's electricity supply has seen a gradual decline, decreasing by 0.5% annually. In 2023, the UK ranked 15th globally in electricity generation, having been overtaken by Indonesia, which also produced 324 terawatt-hours. The United States, India, and Russia secured the top three positions in the global ranking for electricity generation in 2023.
