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