The UK's Electricity, Gas, Steam, and Air Conditioning Supply sector is forecasted to see steady growth from 2024 to 2028, with turnover values increasing each year. The sector's turnover is projected to grow from £116.06 billion in 2024 to £120.48 billion in 2028. This represents a compounded annual growth rate (CAGR) of approximately 0.94% over this five-year period. The year-on-year growth illustrates a consistent upward trajectory, enhancing the sector's stability post-2023.
Future trends to watch include advancements in renewable energy technologies and their integration into the grid, government policies affecting energy pricing, and the impact of global energy market fluctuations on UK supply and demand dynamics.
