| Energy suppliers and experts have expressed conflicting views over the extent to which energy bills and carbon price support will impact the UK’s heavy industry, potentially diverting production to countries with less onerous energy costs and cutting demand from energy intensive users in the process.
Some market participants have argued that the potential shift of energy intensive production away from the UK could have a significant softening effect on power demand in the coming years, which would act as a bearish driver for far curve UK wholesale electricity contracts...............................................Full Article: Source |