In 2023, the municipal waste electricity production capacity in the UK stood at approximately 1.54 thousand megawatts. From 2024, forecasts point to incremental growth: 1.6 thousand megawatts in 2024, reaching 1.85 thousand megawatts by 2028. This results in an average annual growth rate (CAGR) of about 3.8% from 2023 to 2028. Year-on-year growth rates range from 3.75% to 3.36%, depicting a consistent upward trend with a slight drop in acceleration.
Future trends to watch for:
- Advancements in waste-to-energy technologies improving efficiency.
- Government policies promoting sustainable energy sources.
- Potential impacts of economic factors on investment in waste management infrastructure.