Electricity Production in the UK - Industry Market Research Report

More Power: Industry Revenue is Expected to Increase in 2022-23, Driven by a Rise in Industrial Electricity Prices

In recent years, the UK government has encouraged a shift towards low-carbon electricity generation to meet emissions targets. Rapid growth in renewable generating capacity has culminated in renewables accounting for more than 40% of electricity generation in 2022, up from 29.2% in 2017. Increased investment in renewables has boosted revenue in recent years, with government-initiated schemes presenting lucrative growth opportunities in the face of fluctuating electricity consumption trends. Electricity generators' revenue is forecast to increase at a compound annual rate of 3.1% to reach £30.9 billion over the five years through 2023-24. Firms in this industry produce electricity by burning fossil fuels such as gas and coal. They also operate nuclear power stations, hydroelectric plants and stations fuelled by renewable sources such as wind or biomass. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.