In 2023, fossil energy gross electricity production in the UK stood at 9.6 Million Tonnes Of Oil Equivalent. From 2024 to 2028, forecasts indicate a consistent year-on-year decline. Specifically, the production is projected to decrease progressively from 8.85, 8.12, 7.4, 6.7, to 6.01. These figures suggest a declining compound annual growth rate (CAGR) over the five-year period.
Future trends to watch for:
- Transition towards renewable energy sources as part of the UK's sustainability goals.
- Potential policy changes impacting the fossil fuel sector.
- Technological advancements that may alter energy production dynamics.