In 2023, the net electricity production in the UK stood at 300.35 Thousand Gigawatthours. Analyzing the forecasted values, there is a projected decline in production from 2024 to 2028. Specifically, the production value is expected to decrease from 296.33 in 2024 to 285.09 Thousand Gigawatthours by 2028. Year-on-year, the production is set to decline by approximately 1%, 0.97%, 0.96%, and 0.95% from 2025 to 2028, respectively. The Compound Annual Growth Rate (CAGR) over these five years averages around -0.95% annually.
Future trends to watch for include the increasing influence of renewable energy sources, potential advancements in energy storage technology, and the impact of government policies aimed at reducing carbon emissions. These factors could alter the projected trends and possibly stabilize or uplift the electricity production levels.