In 2023, the geothermal power energy supply in the UK was at 820.0 Tonnes of Oil Equivalent. Forecasted data from 2024 to 2027 predicts that the supply will remain steady at 820.0 Tonnes of Oil Equivalent. However, an increase is anticipated in 2028, reaching 830.0 Tonnes of Oil Equivalent. This represents a marginal year-on-year increase of approximately 1.2% in 2028. Over the last two years, the supply has shown stability, with the last cumulative average growth rate (CAGR) approaching 0.24% over the five-year period from 2023 to 2028.
Future trends to watch for include technological advancements in geothermal energy extraction and increased governmental support for renewable energy initiatives. Additionally, shifts in energy policy and potential investment in new geothermal sites could significantly impact future supply figures.
