The forecasted total support on all fossil fuels for residential use in the UK is set to decline steadily from $3.85 billion in 2024 to $3.24 billion by 2028. This equates to a year-on-year decrease of approximately 4.2% from 2024 to 2025, continuing at a similar rate in subsequent years, evidencing a consistent downward trend over the period.
Future trends to watch for include potential policy shifts towards renewable energy incentives, which could further accelerate the decline in fossil fuel support. Additionally, technological advancements could drive increased energy efficiency in residential sectors, impacting future support levels.
