In 2023, the final consumption of renewables and biofuels in the UK's commercial and public services sector stood at approximately 61.70 thousand terajoules. From 2024 to 2028, projected figures indicate steady growth with an average increase of 3.9% per year. This upward trajectory is marked by annual increases of around 4.4% and 4.1% from 2026 to 2027 and from 2027 to 2028, respectively. Over the five-year period, the compound annual growth rate (CAGR) is anticipated to be around 4.0%.
Future trends to watch for include:
- Technological advancements in renewable energy technologies
- Regulatory changes and government policies favoring green energy
- Increased investment in biofuel research and development
- Public and corporate pressure towards sustainability
