The UK mining and quarrying sector's electricity consumption is forecasted to rise steadily from 2024 to 2028. In 2023, the consumption stood at 124.53 GWh. Year-on-year variations from 2024 to 2028 suggest a consistent growth trend, with annual growth rates ranging between 2.8% and 2.5%. The compounded annual growth rate (CAGR) over this five-year period is approximately 2.7%, indicating a moderate expansion of the sector's energy use.
Future trends to watch for:
- Increasing electrification and automation within the sector could further drive up electricity demand.
- Policy shifts targeting energy efficiency and carbon emissions could alter consumption patterns.
- Technological advancements in renewable energy may influence electricity sourcing and consumption.