The forecast for the UK's household final consumption of solid fossil fuels from 2024 to 2028 indicates a steady decline. In 2023, consumption stood at approximately 476 thousand metric tons. Forecasts predict a decrease to 421 thousand metric tons in 2024, down to 209 thousand metric tons by 2028, reflecting a consistent reduction year-on-year. This represents a Compound Annual Growth Rate (CAGR) of approximately -18%, suggesting a strong downward trend as households shift away from solid fossil fuels.
Future trends to watch for include:
- Increased adoption of renewable energy sources by households.
- Government policies and incentives aiming to reduce fossil fuel consumption.
- Technological advancements in home heating and energy efficiency.
