Commodity market report

United Kingdom energy markets long-term outlook H2 2015

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Report summary

Total primary energy demand in 2014 declined, predominantly due to unusually mild temperatures. Demand will recover in 2015/2016, based on a return to normal temperatures, although mild temperatures in December 2015 will limit the extent of the recovery. However, in the longer term UK energy demand reflects a mature and developed economy and we expect a downward trend. The UK's economic structure continues to fundamentally shift, away from heavy industry to services which has been accompanied by a fall in energy intensity. This economic transition also shifts the balance of energy demand from industry to the RCA sector, where rising population and a growing number of households will result in wider use of white goods but improving device efficiency will offset some incremental demand.

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    United Kingdom energy markets long-term outlook H1 2015.pdf

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    United Kingdom Energy H2 2015.xls

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    Executive summary

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Tables

  • Executive summary: Table 1

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