In 2024, the forecast for Blast Furnace Gas Gross Electricity Production in the UK is 1.83 thousand terajoules. This is expected to decline to 1.42 thousand terajoules by 2028. From the data available, there is a consistent decline year-on-year, with each year's production decreasing by approximately 5.5% on average. Given that production stood at approximately 1.93 thousand terajoules in 2023, a downward trend is evident over the five-year forecast period.
In terms of future trends to watch for:
- The impact of environmental regulations on industrial processes could further influence blast furnace gas usage.
- Technological advances in renewable energy could reduce reliance on blast furnace gas for electricity.
- Market demand fluctuations in the steel industry may directly affect the availability and use of blast furnace gas.