Forecast: Fossil Energy Gross Inland Consumption in the UK

As of 2023, the fossil energy gross inland consumption in the UK stood at roughly 135.4 million tonnes of oil equivalent. The forecasts from 2024 to 2028 show a consistent year-on-year decline in consumption with a decrease of approximately 2.2% each year. Over the last five years, the compound annual growth rate (CAGR) suggests an average annual decrease of about 2.1%.

Future trends to watch for include:

  • Increased adoption of renewable energy sources as the UK progresses towards its net-zero targets.
  • Potential regulatory changes affecting fossil fuel usage and associated economic impacts.
  • Technological advancements in energy efficiency potentially reducing overall energy consumption.

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