UK Utility Meter: Underlying Volumes Remain Weak


Authors
Fraser McLaren, Pinaki Das and Paul Rogers

Research Organisation
Bank of America Merrill Lynch

Report Date
May 1, 2012

Document summary

Total UK gas demand fell by a further 6% y-y during Q1 2012, driven mainly by above-average temperatures and lower gas-fired power generation. Energy efficiency continues to erode underlying demand, driving the c1% fall in overall power volumes during the quarter. Regulatory and political scrutiny of the UK’s big six energy suppliers remains intense. Output from gas-fired power plant fell by c30% in Q1, coal-fired output increased by 19%, nuclear fell by 12% and renewables’ contribution increased by 50%.
svg.lf_footer_svg{ height: 30px; width: 30px; }