Wednesday, 29 July 2009 at 15:11, Bloomberg
UK utilities may need to mothball power plants and cut investment plans as the country faces the biggest electricity glut in almost 20 years.
National Grid Plc, the manager of Britain’s power network, predicts this year’s 6 per cent drop in consumption may leave some plants unneeded to meet demand. The oversupply will increase because the country’s six biggest energy suppliers, led by Centrica Plc and Scottish & Southern Energy Plc, are developing more natural gas-fueled stations.
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