The forecast for total support on natural gas for residential use in the UK shows a gradual decline from 2024 to 2028. In 2023, the support value stood at $4.00 billion, marking a steady decrease over the forecast period. Each year sees a reduction of about 2.3% year-on-year, indicating a progressive shift away from residential natural gas investment or subsidies. The five-year compound annual growth rate (CAGR) reflects a consistent downward trend of approximately -2.3% annually.
Future trends to watch include potential shifts in government energy policy toward greener alternatives, which could further impact natural gas support levels. Additionally, technological advancements in energy efficiency and renewable energy sources may accelerate the decline in reliance on natural gas for residential purposes.
