In 2023, the UK's fossil energy gross electricity production stood at 111.69 thousand gigawatt-hours. Based on the forecasted data, there is a clear declining trend in fossil energy electricity production from 2024 to 2028. The year-on-year percentage change highlights a consistent decrease: -8.3% from 2024 to 2025, -8.8% from 2025 to 2026, -8.0% from 2026 to 2027, and -10.3% from 2027 to 2028. The compound annual growth rate (CAGR) over this five-year period is expected to be approximately -8.5%.
Future trends to watch for include:
- Continued advancement in renewable energy technology, which may further drive the reduction in reliance on fossil energy for electricity production.
- Government policies and environmental targets that could accelerate the transition towards sustainable energy sources.
- The impact of economic and geopolitical factors on energy markets and fossil fuel availability.
