Forecast: Renewables and Biofuels Available for Final Consumption in the UK

In 2023, the consumption of renewables and biofuels in the UK was recorded at 84.36 Thousand Gigawatthours. The forecast for 2024 indicates a growth to 87.45 Thousand Gigawatthours, marking a year-on-year increase of 3.66%. This upward trend continues with a 3.56% rise in 2025 to 90.56 Thousand Gigawatthours, followed by a 3.37% increase in 2026, reaching 93.61 Thousand Gigawatthours. The pattern persists with a 3.18% growth in 2027, rising to 96.59 Thousand Gigawatthours, and a 3.04% increase in 2028, achieving 99.52 Thousand Gigawatthours. The Compound Annual Growth Rate (CAGR) over this period is approximately 3.36%.

Future trends to watch for include:

  • Advancements in renewable energy technologies enhancing efficiency and capacity.
  • Government policies and incentives aimed at accelerating renewable energy adoption.
  • Potential challenges from supply chain disruptions or changes in geopolitical dynamics impacting energy sourcing.
  • The role of private and public investment in scaling up renewable energy infrastructure.

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