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United Kingdom

United Kingdom

Wind aims at ever receding price target

Wind is aiming at an ever receding price target in the UK. Electricity prices continue their relentless downward trend, with a fall in prices for domestic and small business customers averaging 4.4% recorded for the year ending April 1, 1999. This follows an even more dramatic reduction of 7% the previous year. OFGEM-the Office of Gas & Electricity Markets-expects further price reductions when new electricity trading arrangements are introduced in 2000.

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