The forecast for fuel oil final consumption in UK commercial and public services shows a clear declining trend from 2024 to 2028, starting at 775.03 GWh in 2024 and decreasing each year to 555.99 GWh by 2028. This represents significant reductions in consumption, with year-on-year decreases: 7.27% from 2024 to 2025, 7.7% from 2025 to 2026, 8.17% from 2026 to 2027, and 8.74% from 2027 to 2028. From 2023, consumption was lower, showing an accelerated move towards energy efficiency and possibly alternative energy sources. The compounded annual growth rate (CAGR) for this period suggests a consistent downward trend.
Future trends to watch for include:
- Increased adoption of renewable energy solutions within the commercial and public sectors.
- The impact of government regulations aimed at reducing greenhouse gas emissions.
- Technological advancements in energy efficiency and cleaner alternatives, which might further reduce dependency on fuel oil.
