The wage and salary forecast for the UK’s Electricity, Gas, Steam, and Air Conditioning Supply sector indicates a steady increase from 2024, starting at 7.2 billion Pounds Sterling and projected to reach 7.68 billion by 2028. In 2023, this figure was 7.07 billion, reflecting a robust growth trajectory. Year-on-year growth varies between 1.67% and 1.73%. Over five years, a compound annual growth rate (CAGR) of approximately 1.73% is expected.
Future trends to watch for:
- Inflation’s impact on wages and salaries.
- Changes in regulatory environments affecting the energy sector.
- Technological advancements influencing workforce demands.
