The final consumption of solid fossil fuels in the UK industry shows a clear downward trend from 2024 to 2028. Starting at 8.88 Thousand Gigawatthours in 2024, the consumption is forecasted to decline each year, reaching 5.8 by 2028. The year-on-year percentage variations indicate a decline of 9% in 2025, 9.5% in 2026, 10.5% in 2027, and 11.3% in 2028. The compound annual growth rate (CAGR) over the five-year period from 2024 through 2028 reflects an average decrease of approximately 10.6% annually.
Future trends to watch for:
- Transition to renewable energy sources driven by stricter environmental regulations.
- Technological advancements facilitating energy efficiency and reduction in fossil fuel dependence.
- Economic factors impacting industry decisions on energy sourcing and consumption.