UK energy group Powergen is reported to have mothballed its power stations at Gr ...

UK energy group Powergen is reported to have mothballed its power stations at Grain, Kent, and Killingholme in Lincolnshire in a bid to cut costs following a steep drop in wholesale electricity prices since the market was deregulated last year. The move, which reduces the company’s electricity production by nearly 25%, will result in some job losses. The company supplies some 8% of the UK’s electricity.

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