The gross investment in the UK’s electricity, gas, steam, and air conditioning supply sector is projected to rise modestly over the next five years, with figures forecasted to reach £13.23 billion in 2024, eventually growing to £13.55 billion by 2028. This represents a steady annual growth rate of approximately 0.6% from 2024 onwards. Given that the 2023 value was slightly lower, this trend indicates a stable, albeit slow, upward trajectory, suggesting a cautious yet positive outlook for investment in this vital industry segment.
Future trends to watch for:
- Advancements in renewable energy technologies could accelerate investment growth.
- Government policies and regulation changes may impact future investment rates.
- Economic factors like inflation and market demand shifts could alter projected figures.
