In 2023, the Gross Value Added (GVA) for the Electricity, Gas, Steam, and Air Conditioning Supply sector in the UK stood at 23.45 billion pounds sterling. From 2024 to 2028, the forecasted GVA shows a stable upward trend with minor year-on-year growth. The projected compound annual growth rate (CAGR) over these five years is moderate, suggesting consistent but modest improvement in the sector's economic contribution.
Future trends to watch for:
- Technological advancements in renewable energy driving further efficiencies.
- Government policies and regulations affecting the energy transition.
- Impact of economic conditions and energy prices on sectoral performance.
