Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.

  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list
Electric Power

UK electricity demand down up to 19% since lockdown: Elexon

Commodities | Energy | Coal | Electric Power | Emissions | LNG | Natural Gas | Oil | Crude Oil | Metals | Steel | Raw Materials | Coronavirus

Market Movers Europe, June 1-5: Supply, demand and generating fuel mixes in flux

Electric Power

Platts Market Data – Electric Power

Capital Markets | Commodities | Electric Power | Natural Gas

Mexican Energy Conference, 24th

Electric Power

VW preparing for mass-scale EV manufacturing: Roskill

UK electricity demand down up to 19% since lockdown: Elexon


Down 15%-19% since March 23

Already down 7% before that

Bespoke estimates allowed in settlement

London — UK electricity demand has fallen between 15% and 19% since the coronavirus lockdown March 23, electricity balancing and settlement code manager Elexon said Friday.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

In the week before the lockdown, demand had already fallen by 6% to 7% in a year-on-year comparison, it said.

In response, an Elexon expert group has agreed to allow estimated meter readings to be used in electricity settlement "to reflect known reductions in customer demand as a result of the coronavirus lockdown."

This would protect suppliers from additional settlement costs from using "business as usual" estimates not designed to reflect rapid market-wide changes in customer demand, it said.

When suppliers cannot get meter readings (as is proving the case due to the lockdown) settlement automatically substitutes the missing data with historic data.

Exelon's board of experts has agreed that, for both non-domestic, non-half-hourly metered sites (smaller businesses) and larger, half-hourly sites, suppliers can submit a new consumption estimate that reflects the current situation.

"Suppliers must keep a record of any evidence for reductions in consumption so that it can be referred to if needed at a later date," Elexon said.

"These derogations are practical steps which should help suppliers to ensure that evidence of falling demand is reflected in Settlement," said Elexon CEO Mark Bygraves.