“The electrification of transport is expected to add materiallyto U.K. power demand; sufficient to more than offset efficiency linkedreductions in demand from other areas,” the investment bank said, according toBloomberg News.
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The announcement that U.K. targets full electrification of the transport industry by 2040 means annual power demand is likely to increase to 369 TWh from the current level of 328 TWh, Barclays said in an emailed note.
“The electrification of transport is expected to add materiallyto U.K. power demand; sufficient to more than offset efficiency linkedreductions in demand from other areas,” the investment bank said, according toBloomberg News.
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