In 2023, the natural gas gross electricity production in the UK was recorded at 476.2 thousand terajoules. From 2024 to 2028, forecasts show a steady year-on-year increase in production values, starting from 478.9 thousand terajoules and reaching 485.12 thousand terajoules by 2028. This represents gradual annual growth rates of around 0.3% to 0.4% over the next five years. The compounded annual growth rate (CAGR) over this period is approximately 0.4%, indicating a consistent upward trend in electricity production from natural gas.
Future trends to keep an eye on include:
- Policy changes regarding renewable energy and their impact on natural gas usage.
- Technological advancements that may enhance efficiency in natural gas electricity production.
- Fluctuations in natural gas prices affecting production costs and overall supply.
