UK wholesale power prices are expected to drop in line with lower gas prices, higher imports and reduced electricity demand, according to a recent report by ratings agency Moody’s. Moody’s base-case scenario estimated that British wholesale electricity prices will decline steadily through to 2022, falling from around £45/MWh now to £40/MWh.
This reflected Moody’s expectation that gas prices will fall modestly and that growing interconnector capacity will support higher levels of electricity imports. Carbon prices, including...
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