Britain could face power shortages towards the middle of the decade, UK energy regulator Ofgem has stated, with spare electricity power production capacity falling as low as 2% by 2015. Ofgem said that the risk of blackouts that year has trebled from the one-in-12 it estimated in October to just one-in-four, if energy demand remains at current levels.
Ministers are trying to encourage companies to spend more than £100 billion on new green energy infrastructure by offering huge subsidies. However, the new power stations will not have arrived in time to avert the possible squeeze in 2015.
Ofgem says that no new gas-fired power plants are expected until 2016 and it expects the equivalent of just one to start generating before the end of the decade. (more…)