Saturday, January 24, 2009

Electricity demand falls as economy slows at fastest rate since 1980

Lights go out across Britain as recession hits home

While official figures showed the economy contracting at its fastest since 1980, National Grid said demand for electricity had fallen over Christmas at homes and factories across the land, and Poland confirmed that thousands of its citizens were coming home from Britain and Ireland. Poland's treasury minister Aleksander Grad told the Guardian that the economy there, unlike Britain's, would avoid recession. Poland's banks had been regulated tightly and had not got into the toxic derivative products that have brought down banks around the world, said Grad

Posted by malct @ 10:44 AM (823 views)
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3 thoughts on “Electricity demand falls as economy slows at fastest rate since 1980

  • People can simply not afford the extortionate charges of these privatised, money grabbers. Wait and see the utility shares nosedive like the greedy banks. I hope to see these companies nationalised and returned to the people more than any other,so they can serve the people as they should and not for the individual interests of a few. This is the kind of public service we should have.

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  • plato: “I hope to see these companies nationalised..”

    Careful, you’ll have the ultramarines down on you.
    Perhaps we’ll see some special deals from the electricity companies: Light One Light One Free.

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  • “Poland confirmed that thousands of its citizens were coming home from Britain and Ireland”

    That’s no bad thing. Many of the Poles were sending their money back home to families in Poland, which is effectively wealth leaving this country to improve another one. Less Poles here means less people chasing what few jobs vacancies there are here, which is good.

    As for the electricity providers, they need to get their prices down as most of the electricity is produced by oil/gas, which is falling and they need to pass this on!

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