Electricity Demand May Fall 7% in U.K. Next Year, Times Says

By Nandini Sukumar

Nov. 15 (Bloomberg) -- Electricity demand may fall 7 percent next year as a recession in the U.K. forces hundreds of factories to close and consumers to cut back on consumption, the Times reported, citing research from Inenco.

By the end of last month, average peak demand for electricity was down 3 percent on a year earlier, the Times said, citing the research. There is a close correlation between energy demand and gross domestic product, the Times cited Inenco as saying.

To contact the reporter on this story: Nandini Sukumar in London at nsukumar@bloomberg.net