UK electricity cheap in world-wide comparative price survey

Jan 15, 1997 01:00 AM

Jan. 2, 1997 The UK electricity industry continues to out-perform the majority of its European neighbours in offering customers good value power prices, the Electricity Association revealed recently in its new edition of the world-wide comparative prices data survey, International Electricity Prices. In the domestic market, the UK ranks fifth cheapest out of the 15 EU member countries. In an industrial prices table, UK electricity prices under contract are fourth cheapest within the same group. In world terms, UK electricity prices remain competitive falling midway in both domestic and industrial price comparisons. The typical UK price for customers on a domestic standard tariff is 9.23 pence per kilowatt hour, against 15.01 pence for Belgium, the most expensive nation in the domestic table. For UK industrial customers with a typical 2.5 MW 40% load factor supply, the average price under contract is 4.53 pence per kilowatt hour, compared with 8.3 pence for Japan, the most expensive.

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