The blended biogasoline energy supply in the UK stood at 58.3 Gigawatt-hours in 2023. Forecasts indicate a progressive increase from 2024 to 2028, with expected values of 63.84, 70.34, 76.7, 82.94, and 89.06 Gigawatt-hours, respectively. The year-on-year growth rate averages approximately 9.05% over this period. The compound annual growth rate (CAGR) from 2024 to 2028 is projected to be around 9.5%, showcasing a robust upward trend in biogasoline supply.
Future trends to watch for include:
- Technological advancements in biogasoline production.
- Government policies promoting renewable energy.
- Fluctuations in crude oil prices affecting biofuel competitiveness.
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