In 2023, the final consumption of renewables and biofuels in the UK’s commercial and public services sector stood at 17.1 thousand gigawatt-hours. From 2024 to 2028, consumption is forecasted to rise steadily, marking year-on-year increases: 4.4% (2024), 4.4% (2025), 4.1% (2026), 3.9% (2027), and 3.6% (2028). Over the five years, a compound annual growth rate (CAGR) of approximately 4.1% is anticipated, demonstrating a solid upward trend.
Future trends to watch for:
- Technology advancements in renewable energy that could accelerate growth.
- Policy changes or incentives that could impact biofuel adoption rates.
- Market demand fluctuations influenced by sustainability commitments.
