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UK power demand down 5.6% this year, business outlook bleak without support

September 9, 2022 Comments Off

UK electricity demand has fallen 5.6% so far in 2022 ahead of a winter of likely demand destruction due to astronomical energy costs and expected business failures, analysis of system operator data showed Sept. 7. Platts assessed the price of month-ahead baseload UK power at GBP410.90/MWh ($472/MWh) on Sept. 6. The contract has averaged GBP241.08/MWh in 2022 to date, up…