The forecast for household final consumption of natural gas in the UK shows a declining trend from 2024 to 2028, with consumption decreasing from 23.01 to 22.39 million tonnes of oil equivalent. In 2023, the consumption stood at a slightly higher level, though exact data for 2023 is not specified. The year-on-year decrease is stable, at about 0.65% over the provided forecast period, and the compound annual growth rate (CAGR) over five years is negative.
In terms of future trends to watch, it will be important to monitor the impact of energy efficiency measures, government policies promoting renewable energy, and shifts in consumer behavior on natural gas consumption. Additionally, the influence of geopolitical factors and price volatility in the energy market could further affect future natural gas consumption levels.
