The UK’s fossil energy supply has shown a consistent decline from 2013 to 2023, dropping from 1.8718 to 1.4285 million gigawatthours. Year-on-year variations reveal a sharp decrease in 2020 at -6.85%, with minor resurgence in 2022 at +2.89%, followed by a decline in 2023 at -2.26%. Over the last five years, the compound annual growth rate (CAGR) was -2.40%, indicating a steady decline.
The forecast period from 2024 to 2028 shows a continuation of this downward trend, with an anticipated 5-year CAGR of -2.03%, projecting a demand contraction to 1.2519 million gigawatthours by 2028.
Future trends to watch for include the impact of renewable energy adoption, policy shifts towards carbon neutrality, and advancements in energy efficiency technologies, which could further accelerate the decline in fossil energy dependence.
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