United Kingdom Power Market is Segmented by Power Generation from Sources (Thermal Power, Non-hydro Renewable Power, Hydroelectric, and Nuclear Power) and Transmission and Distribution (T&D).

In 2023, EDF was the leading company in the wholesale electricity generation market in Great Britain (GB), with a share of 18.5 percent. The UK branch of the German company RWE ranked second that year, with a market share of approximately 17.5 percent.

This statistic represents the electricity generation market share of the big six utilities in the United Kingdom in 2010. That year, E.ON UK had a market share of around 8.2 percent. The Germany-based electricity provider had a total revenue of around 92 billion euros in 2010.

The selling value of electricity for all sectors in the United Kingdom (UK) has historically been higher compared to the selling value of gas. In 2022, the selling value of electricity totaled 59.8 billion British pounds, while the selling value of gas amounted to 46.8 billion British pounds.

UK Electricity decreased 15.90 GBP/MWh or 15.52% since the beginning of 2025, according to the latest spot benchmarks offered by sellers to buyers priced in megawatt hour (MWh). This dataset includes a chart with historical data for the United Kingdom Electricity Price.

The United Kingdom Data Center Power Market Report is Segmented by Power Infrastructure (Electrical Solutions (UPS Systems, Generators, Power Distribution Solutions (PDU, Switchgear, Critical Power Distribution, Transfer Switches, Remote Power Panels, Others)), and Service) and End User (IT & Telecommunication, BFSI, Government, Media & Entertainment, and Other End Users). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Greater awareness about the effects of climate change has driven an aggressive decarbonising strategy spearheaded by renewables. Government targets and incentives encourage major investment in renewable assets among UK energy giants. Technology developments have boosted potential generating capacity, particularly in offshore wind, which has grown the fastest of all renewable energy sources. According to the Department for Energy Security and Net Zero, the share of electricity generated by major power producers from renewables surged from 34.5% in 2019-20 to 42.4% in 2023-24. Renewable generators' revenue is slated to climb at a compound annual rate of 8.7% over the five years through 2024-25 to reach £14.5 billion. Growth has been underpinned by the UK’s rapid expansion of renewable generating capacity. Offshore wind has recorded the most significant expansion in generation volumes as investors look to take advantage of technological advancements to tap into the UK's abundant natural resources. Soaring wholesale prices have added to revenue growth since H2 2021-22; however, operators of renewable generation assets that operate under a Contract for Difference (CfD) have been required to pay back the difference between wholesale prices and CfD strike prices, limiting the impact of a surge in wholesale prices on operating profit. Inflation-linked increases to fixed price mechanisms have also boosted growth. Revenue is forecast to jump by 11.4% in 2024-25. Revenue is forecast to swell at a compound annual rate of 11.1% over the five years through 2029-30 to reach £24.6 billion. The UK already has a strong pipeline of renewable assets set for delivery in the coming years, with ongoing government support likely to fuel further investment. In the short term, increased capacity is set against a backdrop of falling strike prices, though the extent of capacity expansion should support further growth. Hikes in strike prices secured in the most recent CfD allocation round will also boost growth in the longer term. Rising battery storage capacity should help support growth in renewables' share of the UK energy mix by reducing barriers associated with intermittent supplies of renewable power.

The UK Distributed Solar Power Generation Market is segmented by End User (Residential and Commercial and Industrial).

UK Wind Power Market size was valued at USD 39.3 Billion in 2024 and is projected to reach USD 95.3 Billion by 2032, growing at a CAGR of 11.7% from 2025 to 2032.

Key Market Drivers:

Rising Electricity Demand: Rising electricity demand is pushing the UK wind energy market. The growing electrification of transportation and heating is raising renewable energy demand. According to National Grid’s Future Energy Scenarios 2023, the UK’s annual power demand might increase by up to 70% by 2035, reaching 460-500 TWh.

Cost Reduction in Wind Technology: Cost reductions in wind technologies will propel the UK Wind Power Market. Wind power technology has become more competitive with traditional energy sources as its costs have decreased. According to the UK Department for Business, Energy, and Industrial Strategy (BEIS), the strike price for offshore wind in Contract for Difference (CfD) auctions has plummeted from £114.39/MWh in 2015 to £37.35/MWh in 2022, a 67% decrease.

The UK's renewable energy sector, including green power and sustainable energy, is set to grow significantly due to supportive government policies and a shift away from fossil fuels. Despite potential setbacks from policy changes like increased VAT on clean energy technologies and cessation of solar subsidies, the ambitious 2030 alternative energy targets offer vast opportunities for eco-friendly energy companies. The natural energy market is segmented into wind, solar, hydro, bioenergy, and others, with wind energy predicted to dominate. The low-carbon energy sector features key players like Vestas Wind Systems AS and Siemens Gamesa Renewable Energy SA.

The UK's electricity grid operator warns of market strains as cold weather leads to low wind output and high demand, highlighting renewable energy reliance and grid challenges.

In 2023, electricity generation in the United Kingdom (UK) amounted to 293 terawatt-hours, a decrease compared to the previous year wherein electricity generation reached the lowest figure in at least three decades, amounting to some 309 terawatt-hours. Since the beginning of the century, electricity generation in the UK peaked at nearly 400 terawatt-hours, recorded in both 2003 and 2005.

Expert industry market research on the Electricity Transmission in the UK (2013-2031). Make better business decisions, faster with IBISWorld's industry market research reports, statistics, analysis, data, trends and forecasts.

The UK Solar Power Market is Segmented by End User (Residential, Commercial and Industrial, and Utilities).

The Report Covers Geothermal Energy Companies in the UK and the market is segmented by Application (Power Generation and Direct Heat Utilization).

Forecast: Electricity Distribution or Control Apparatus Parts Market Size Value in the UK 2023 - 2027 Discover more data with ReportLinker!

The United Kingdom Offshore Wind Power Market is segmented by Foundation Type (Fixed Foundation, and Floating Foundation), and Capacity (Less Than 5 MW, and Greater Than or Equal to 5 MW).

Electricity Distribution or Control Apparatus Parts Market Size Value in the UK, 2021 Discover more data with ReportLinker!

UK Power Market was valued at USD 96.26 Billion in 2024 is projected to reach USD 126.75 Billion by 2032, growing at a CAGR of 3.5% from 2025 to 2032.

UK Power Market: Definition/Overview

The term UK Power refers to the electrical energy infrastructure and systems that create, transmit, and distribute electricity across the United Kingdom. It includes a diverse spectrum of power generation sources, including fossil fuels, nuclear energy, and renewable energy sources such as wind, solar, and hydroelectric electricity. The power grid ensures that electricity is distributed efficiently to residences, companies, and industries, allowing for day-to-day operations and economic growth.