Forecast: Energy Supply of Renewables and Biofuels in the UK

The forecast for the UK's energy supply from renewables and biofuels indicates a progressive increase from 2024 through 2028, with values growing from 27.0 to 31.31 Million Tonnes of Oil Equivalent. As of 2023, the supply stood near 26, marking a consistent upward trajectory. Year-on-year growth rates highlight a steady annual increase of about 4%, suggesting a compound annual growth rate (CAGR) of approximately 3.8% over this five-year horizon.

Future trends to watch for include:

• Technological advancements in renewable energy efficiency.
• Regulatory and policy changes influencing green energy investments.
• Market dynamics affecting biofuel adoption and production.
• Potential disruptions from geopolitical events impacting energy supply chains.