Forecast: Availability for Final Consumption of Renewables and Biofuels in the UK

In 2023, the final consumption of renewables and biofuels in the UK was 7.26 Million Tonnes Of Oil Equivalent. From 2024 to 2028, a gradual increase is forecasted, with values rising from 7.52 Mtoe in 2024 to 8.56 Mtoe in 2028. The year-on-year growth rates from 2024 to 2028 are projected between 3.6% and 3.1%, suggesting a consistent upward trend.

Over the five-year forecast period, there is a Compound Annual Growth Rate (CAGR) of approximately 3.4%, indicating a moderate but steady growth in renewable energy consumption.

  • The UK is expected to continue its transition towards renewable energy, supported by policies and technological advancements.
  • Watch for emerging technologies like advanced biofuels and next-generation solar panels.
  • Environmental regulations and economic factors could significantly influence these forecasts.

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