In 2023, the UK's consumption of geothermal power in commercial and public services was estimated at approximately 12.2 Terajoules. The forecast shows a consistent downward trend from 2024 to 2028, with an annual decrease in consumption. The year-on-year variation indicates a reduction of 9.8% in 2025, 9.9% in 2026, 11% in 2027, and 12.3% in 2028. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 projects an average annual decline of around 10.6%.
Future trends to watch for:
- The impact of government policies on renewable energy adoption.
- Technological advancements in geothermal power generation.
- Market demand shifts caused by increased energy efficiency measures.
- Potential developments in energy storage solutions affecting geothermal energy viability.