The electricity consumption in the UK’s chemical and petrochemical sector was recorded at approximately 50.5 Thousand Terajoules in 2023. Moving forward from 2024 through 2028, the sector is anticipated to see a decreasing trend in electricity consumption, starting at 49.53 Thousand Terajoules in 2024 and declining nearly every year to reach 46.18 Thousand Terajoules by 2028.
The year-on-year decline reflects a gradual decrease, with an average annual reduction in electricity usage, indicating potential efficiency gains or shifts in production methods in the sector.
Future trends to watch for include:
- Continued advancements in energy-efficient technologies.
- Potential impacts of regulatory changes aimed at reducing carbon emissions.
- Shifts towards renewable energy sources which may alter consumption patterns.
