The UK’s geothermal power consumption in the commercial and public services sector is projected to decline steadily from 2024 to 2028. Starting at 11.2 Terajoules in 2024, the figures decrease by approximately 9.8% and 9.9% each subsequent year, highlighting a downward trend. No data is provided for 2023; hence, we lack a 2023 baseline for comparisons. The five-year CAGR reveals a consistent decline, averaging 10% per annum.
Future trends to watch for:
- Emerging technological advancements could influence a reversal in the decline.
- Policies promoting renewable energy integration are critical to watch.
- Economic factors and energy market conditions will also play pivotal roles.
