The UK's fossil energy refinery output is showing a consistent declining trend from 2024 through 2028. Starting at 624.96 thousand gigawatthours in 2024, there is an annual decrease of approximately 2.3%, reaching 568.42 thousand gigawatthours by 2028. This reduction reflects a broader trend as the output gradually diminished from 2023 levels of 639.53 thousand gigawatthours. The compound annual growth rate (CAGR) from 2024 to 2028 is anticipated at around -2.38%, indicating a steady downward trajectory.
Future trends to watch for:
- Increasing adoption of renewable energy sources could further reduce reliance on fossil energy refineries.
- Government policies promoting sustainability and reducing carbon emissions may accelerate declines.
- Technological advancements in energy efficiency and refinery processes could impact future output levels.
