The electricity trade turnover in the UK stood at 10.24 Billion Euros in 2023. The forecast from 2024 to 2028 shows a consistent increase: 10.79 Billion Euros in 2024, 11.32 Billion Euros in 2025, 11.83 Billion Euros in 2026, 12.34 Billion Euros in 2027, and 12.84 Billion Euros in 2028. This translates to a year-on-year increase of 5.37% from 2023 to 2024. The period from 2024 to 2028 sees average yearly increases fluctuating around similar values, resulting in a compound annual growth rate (CAGR) of approximately 5.38% over the five years.
Future trends to watch for include advancements in renewable energy infrastructure, increased cross-border electricity trading within the EU, and evolving regulatory landscapes. The integration of smarter grid technologies and emphasis on sustainability could further enhance turnover, while global economic conditions and energy prices will remain critical influencing factors.
