UK Electricity Imports Hit Record Highs in 2022 amid Domestic Generation Shortfalls
- UK imported record $1.5bn of electricity from Europe in 2022 as wind and solar generation fell short
- Imports met 12% of UK electricity demand last year
- France earned $1.5bn exporting electricity to UK
- Closures of UK power plants like coal and nuclear drove increase in imports
- French "rubbing their hands" at earnings from UK electricity exports, per UK MP