As of 2023, there were 37 electricity distribution enterprises in the UK. The forecast predicts a consistent decline in the number of enterprises over the next few years, with values dropping from 35 in 2024 to 25 by 2028. This represents an approximate year-on-year decrease of 8.6% in 2024, 2025, and 2026, with a slightly higher 10% decline each in 2027 and 2028. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is anticipated to be about -7.4%.
Future trends to watch for include increased consolidation within the sector and technological advancements that might lead to further reductions as efficiency measures improve and regulatory environments potentially tighten. This might drive further mergers and acquisitions, reducing the number of enterprises.
