In 2023, the industry's final consumption of renewables and biofuels in the UK stood at 16.92 thousand gigawatthours. Forecast data from 2024 to 2028 indicates a consistent upward trend. Starting at 17.59 in 2024 and reaching 20.18 by 2028, this reflects a compound annual growth rate (CAGR) of approximately 4.6% over the forecast period. Year-on-year increases maintain a steady climb, showcasing a robust commitment to enhancing renewable energy consumption.
Future trends to watch for include advancements in renewable technology, policy changes favoring green energy investments, and shifts in global energy markets that could impact these forecasted figures.
