In 2024, the forecast for electricity final consumption in the UK food, beverages, and tobacco sectors stands at 998.87 thousand tonnes of oil equivalent, a moderate increase from previous years. This consumption is projected to slightly rise to 1000 thousand tonnes from 2025 to 2027, with a further increase to 1010 in 2028. Compared to 2023, when actual consumption was slightly lower, this forecast suggests a gradual growth. The year-on-year growth rate from 2025 to 2028 remains stable, with no significant fluctuations, resulting in a modest compound annual growth rate (CAGR) over this period.
Future trends to watch for include:
- The impact of energy efficiency improvements within the industry, potentially slowing consumption growth.
- Shifts in consumer preferences towards more sustainable products, which could influence production processes and energy use.
- Government policies aimed at reducing carbon emissions, which could lead to increased innovation and adoption of cleaner energy sources.