BMI View: Despite rather subdued projections for power demand across our forecast period, the UK’s need to secure long-term energy supply is pressing. That said, the over-ambitious nature of the Energy Bill has the potential to jeopardise the government’s ability to achieve this goal. Although shifting economic and regulatory dynamics within the wider European power sector over the past couple of years has led to the UK showing a preference for coal-fired power generation, we believe that natural gas will gradually increase its contribution to the country’s electricity mix. The UK’s clouded economic backdrop continues to weigh on the country’s …
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