The bioenergy energy supply in the UK has shown significant growth over the past decade, starting at 88.87 thousand gigawatthours in 2013 and reaching 190.37 thousand gigawatthours in 2023. This marks a notable increase, with particularly strong performance observed in the periods of 2014-2015 and 2017-2019. However, a slight drop in 2020 was recorded, followed by a recovery and moderate growth up to 2023. For 2024, the supply is anticipated to continue its upward trend, reaching 197.61 thousand gigawatthours according to forecasts.
For year-on-year variation analysis over the past two years, the bioenergy energy supply grew by 9.64% in 2022 and 3.91% in 2023. The compound annual growth rate (CAGR) over the last five years has averaged 4.76%, indicating a steady but decelerating growth trend.
Looking forward to 2028, the forecasted CAGR is 2.84%, suggesting a slower continued rate of increase. Key future trends to watch for include advancements in bioenergy technologies, policy changes regarding renewable energy incentives, and potential impacts from broader energy market dynamics. These factors could significantly influence the trajectory of bioenergy supply in the coming years.
