The share of renewables and biofuels in UK household consumption is set to increase from 6.58% in 2024, according to forecasts, reaching 7.4% by 2028. This reflects a year-on-year growth of approximately 3% on average during this period. In 2023, the share stood at around 6.4%, highlighting a steady upward trajectory.
Future trends to watch for include:
- Government policies and incentives promoting renewable energy adoption.
- Technological advancements reducing the cost and increasing the efficiency of renewables.
- Consumer demand for sustainable energy solutions contributing to higher adoption rates.