The forecast for geothermal power production in the UK indicates a steady but marginal increase from 2024 to 2028. In 2023, geothermal power production stood at 34.10 terajoules. Year-on-year variations are minimal: approximately 0.12% from 2024 to 2025, 0.15% from 2025 to 2026, 0.15% from 2026 to 2027, and 0.12% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over the projected five years is around 0.15%, demonstrating very modest but consistent growth.

Future trends to watch for:

Technological advancements in geothermal energy extraction could potentially accelerate growth rates.
Policy changes and government incentives aimed at cleaner energy could impact investment and development in the sector.
Increased focus on renewable energy sources might shift market dynamics, enhancing geothermal energy's role in the UK's energy mix.