Analysis of Global Power Market
Analysis of Global Power Market
Overview of UK Power Market (2/3)
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In the last few years, the power generation in the UK maintains at a stable level with a slight decrease from 339.2 TWh in 2016 to 332.9 TWh
in 2018, representing a CAGR of -0.9%. The power generation in the UK is mainly driven by the power demand, which was broadly stable
since 2016.
In the next 5 years, the power generation in the UK is expected to hold the current level with a slight increase, since the stable expectation of
power consumption in the UK in the following years.
The cumulative power installed capacity saw a robust increase in the last 3 years from 99.8 GW in 2016 to 108.4 GW in 2018, representing a
CAGR of 4.2%. This growth is mainly driven by the newly installed capacity of renewable energy, such as wind power and solar power.
In the following years, due to the decarbonisation policies, the renewable energy capacity will keep growing replacing the conventional
capacity. As a result, the power installed capacity in the UK is expected to keep the increasing trend but with a relatively slow speed.
Cumulative Power Installed Capacity, UK,
Power Generation, UK, 2016-2023E
2016-2023E
CAGR
(16-18) (18-23E)
GW
150
Installed
Capacity
4.2%
2.0%
106.0
108.4 110.9
112.7
115.0 117.2
119.4
99.8
100
TWh
450
CAGR
Generation
(16-18) (18-23E)
-0.9%
0.4%
400
339.2
338.2
350
332.9 336.4 336.8 337.0 338.4 339.1
300
250
200
150
50
100
50
0
0
2016
2017
2018
2019E 2020E 2021E 2022E 2023E
Power Generation
FROST
&
2016 2017 2018 2019E 2020E 2021E 2022E 2023E
SULLIVAN
Source: Frost & Sullivan
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