In 2023, the Electricity Transformation Output in the UK stood at 1.1231 million terajoules. A steady decline is anticipated from 2024 through 2028, with expected yearly decreases in the range of approximately 1.1% to 1.2%. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is projected to be around -1.0%. This trend reflects ongoing efforts to optimize energy transformations and improve efficiencies within the sector.
Future trends to watch for:
- Integration of renewable energy sources to potentially counteract declining outputs.
- Technological advancements that might enhance transformation efficiency.
- Policy shifts towards sustainability, impacting energy strategies and outputs.
