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UK Set for Most Expensive Summer Weekend Electricity on Record

  • Power for Saturday to cost nearly five times seasonal average
  • Soaring electricity costs spurring cost of living crisis
Electricity transmission towers near a residential housing estate in Rayleigh, UK.

Electricity transmission towers near a residential housing estate in Rayleigh, UK.

Photographer: Chris Ratcliffe/Bloomberg

The summer weekend is no break from soaring UK power prices that are underpinning inflation and a worsening cost-of-living crisis. 

Day-ahead power prices usually tumble over the weekend when demand declines, especially during long summer days that delay the need to turn on the lights. But with natural gas prices surging, electricity costs this weekend are far above levels that would be considered high even in most winters.