The forecasted geothermal and biomass energy consumption in the UK shows a consistent declining trend over the period from 2024 to 2028. This trend begins with 29.36 Terawatthours (TWh) in 2024, reducing gradually to 22.96 TWh by 2028. Year-on-year, the consumption is projected to decrease by 7.4% from 2024 to 2025, 6.4% from 2025 to 2026, 5.5% from 2026 to 2027, and 4.6% from 2027 to 2028. The compound annual growth rate (CAGR) over these five years indicates an average yearly decline of approximately 5.6%.
In 2023, the actual consumption was 31.7 TWh, highlighting an urgent need for policy reviews and potentially new investments in these sectors to stabilize the trend.
Future trends to watch for in this domain include technological advancements in geothermal and biomass energy production, changes in government policies aimed at promoting renewable energy sources, and fluctuations in market demand driven by environmental awareness and regulatory pressures.