In 2023, the Gross Inland Consumption of Electricity in the UK was lower than the forecasted 24.08 Thousand Gigawatthours in 2024. The data predicts a gradual rise with a forecast of 26.9 Thousand Gigawatthours by 2028. The year-on-year growth from 2024 to 2028 shows a consistent increase, indicating a positive trend in electricity consumption.
The variations suggest:
- 2024 to 2025: 3% increase
- 2025 to 2026: 2.85% increase
- 2026 to 2027: 2.74% increase
- 2027 to 2028: 2.63% increase
The average compound annual growth rate (CAGR) over this forecasted period is approximately 2.8%.
Future trends to watch include the impact of increased renewable energy initiatives, technological advancements in energy efficiency, and potential policy changes aimed at reducing carbon emissions, which may influence these growth projections.
