As of 2023, labour costs in the UK’s Electricity, Gas, Steam, and Air Conditioning Supply sector stood at approximately 8 billion pounds sterling. Forecasted data indicate a steady increase in these costs from 2024 onwards, with an annual growth rate ranging between 1.65% and 1.49% over the next five years. By 2028, these costs are projected to reach 9.03 billion pounds, reflecting a cumulative average growth rate (CAGR) of around 1.5% annually from 2024 to 2028.
Future trends to watch for include potential impacts of technological advancements and policy shifts towards sustainable energy solutions, which could influence labour demand and cost structures within the sector.
