As of 2023, the number of electricity trade enterprises in the UK is expected to increase steadily from 1.11 thousand in 2024 to 1.29 thousand by 2028, indicating a growth trend. Over the years, the year-on-year growth rates are as follows: 4.5% in 2025, 3.4% in 2026, 4.2% in 2027, and 3.2% in 2028. These figures show an average annual increase (CAGR) of approximately 3.9% from 2024 to 2028. Such growth reflects a positive outlook for the electricity trade sector.
Future trends to watch for:
- Impact of renewable energy adoption on enterprise growth
- Regulatory changes affecting market dynamics
- Advancements in energy storage and distribution technologies
