2nd
in the world for wind offshore capacity
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This analysis includes a comprehensive United Kingdom energy market report and updated datasets. It is derived from the most recent key economic indicators, supply and demand factors, oil and gas pricing trends and major energy issues and developments surrounding the energy industry. The report provides a complete picture of the country situation, dynamics, current issues and future prospects. With 2021 market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities. Browse the tabs below for a detailed table of contents, the list of graphs and tables, and details on the data files.
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Highlights
2nd
in the world for wind offshore capacity
57%
carbon free sources in the power mix
-78%
target of GHG emissions reduction in 2035
Abstract
Institutions & Energy Policy
TheDepartment for Business, Energy and Industrial Strategy (BEIS) oversees energy and climate change policy.
The gas and electricity sectors are regulated by the Office of Gas and Electricity Markets (Ofgem), except in Northern Ireland where the Utility Regulator oversees these markets.
Energy Supply
Resources:
The UK has large oil and gas reserves, mainly located in the North Sea: 339 Mt for crude oil and 247 bcm for gas (at end-2021) that are declining rapidly (640 Mt and 1 200 bcm, respectively in 2000). Shale gas reserves have been estimated at 39 900 bcm by the British Geological Survey (BGS), with 37 600 bcm in the Bowland Shale and 2 300 bcm in the Weald Basin.
Energy Prices
Oil:
The price of motor fuels in €/l increased by 9-11% in 2021, after a decrease by 10% in 2020. Previously, gasolines prices increased by 2%/year between 2016 and 2019 and diesel prices by 4%/year.
Prices of gasoline in the UK are 10% higher than in France and 12% higher than in Germany (2021). Diesel prices in the UK are 19% higher than in France and 25% higher than in Germany.
Energy Consumption
Consumption per capita has shrunk by almost a third since 2000, bringing it to 2.3 toe in 2021. Electricity consumption per capita dropped by more than 20%, from 5 800 kWh in 2000 to 4 300 kWh in 2020.
In 2021, energy consumption rebounded by 2% to 156 Mtoe, after a 11% drop in 2020. Previously, between 2003 and 2019, energy consumption decreased by almost 2%/year.
Issues & Prospects
According to the Sixth Carbon Budget (for 2033-37), outlined in December 2020, total GHG emissions would shrink by 6.1%/year on average over 2020-2035.
Below is a list of the United Kingdom energy market report graphs:
In the United Kingdom energy market report you will find the following tables:
The United Kingdom energy market data since 1990 and up to 2021 is included in the Excel file accompanying the United Kingdom country report.
It showcases the historical evolution, allowing users to easily work with the data.
Key Data included in the excelsheet:
The United Kingdom country report is complemented with a national power generation dashboard (excel file) from our Power Plant Tracker Service.
Data included in the excelsheet:
Projections Data (Excel Sheet)
The United Kingdom country dashboards are complemented with country forecasts from EnerFuture (excel file) with scenario comparison.
Data included in the excelsheet:
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