Subscribe free to our newsletters via your
. Energy News .




ENERGY NEWS
Regulator: Britain faces power shortages
by Staff Writers
London (UPI) Oct 8, 2012


disclaimer: image is for illustration purposes only

The closing of aging coal-fired power plants and tough EU environmental rules could lead to power shortages in Britain, regulators warned.

Britain's Office of Gas and Electricity Markets, or Ofgem, predicted in an analysis released Friday that electricity margins -- the amount of spare generation capacity on the system -- could fall from 14 percent currently to 4 percent in 2015-16.

The greatest risk of blackouts would come in 2015-16 as the country is left with a shortage equivalent to the supply to 9,000 households, the report said.

Ofgem, which is seeking "sweeping reforms" in the country's energy retail markets, also predicted consumers could see sharp price spikes in the years ahead as Britain phases out coal-fired plants and becomes more exposed to the uncertainties of the global gas market.

Ofgem Chief Executive Alistair Buchanan said the results of the latest analysis bear out the warnings the regulator made three years ago in its Project Discovery, where it looked at a range of scenarios to assess the energy security risks for British consumers over the next 10-15 years.

That report warned that consumers would face higher bills due to sharply increased levels of expensive natural gas imports, the need for new investments in nuclear and alterative energy, the closure of aging power stations and the need to meet tough EU environmental targets.

It said consumers could see energy price hikes from 14-25 percent as a result.

Another major concern is attracting much-needed foreign investors to finance a new wave of nuclear power stations and alternative power supplies at a time of global economic crisis.

The report came the same week as revelations that potential Chinese and French investors had pulled out of a bid to build a $13 billion nuclear plant in Wales.

"The unprecedented challenges facing Britain's energy industry, identified in Ofgem's Project Discovery, to attract the investment to deliver secure, sustainable and affordable energy supplies for consumers, still remain," he said. "Ofgem is working with government on its plans to reform the electricity market to tackle these issues."

British Secretary of State for Energy and Climate Change Ed Davey said the government would respond to the Ofgem report by the end of the year as the coalition government prepares its upcoming energy bill, which seeks to offer a fixed price for energy investors.

But Whitehall sources told The Telegraph it may be too late to avoid the risk of blackouts in the middle of the decade, since the building new gas-fired capacity could take four years.

"It may be that we will sail through the danger period without any problems," the source said. "But if things do start to go wrong, we may be in trouble."

There is "only a very low risk to householders" of possible blackouts, a spokesman for the Department for Energy and Climate Change told the newspaper.

"We would like to see slightly larger margins and this is why we're acting to bring more investment forward," the spokesman said. "Investment is already coming forward. New gas-fired power stations at Pembroke and West Burton are just coming online."

.


Related Links







Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





ENERGY NEWS
Ireland Unlikely To Meet EU Energy Targets
Dublin, Ireland (SPX) Oct 04, 2012
90,000 Irish buildings will need to undergo significant energy upgrades every year up to 2020 if Ireland is to achieve its legal obligations under the EU Energy Efficiency Directive, which was adopted by the European Parliament on 11 September 2012 and is expected to come into force in November. EU Members States will eventually face fines if they fail to comply with the new Directive, whi ... read more


ENERGY NEWS
Regulator: Britain faces power shortages

Money: A New (Decentralized) Shade of Green

Energy New Front in Economic Warfare

Ireland Unlikely To Meet EU Energy Targets

ENERGY NEWS
Using less gas and oil to get where you're going

Britain weighing tax breaks on shale gas: Osborne

Gunmen kill Chinese worker in northern Nigeria

IEA says Iraq oil output to more than double by 2020

ENERGY NEWS
Sandia Labs benchmark helps wind industry measure success

Bigger wind turbines make greener electricity

EU wind power capacity reaches 100GW

Lawsuit fights Obama ban on wind farm sale to Chinese

ENERGY NEWS
China's solar slump to strengthen sector?

Researchers Reveal How Solvent Mixtures Affect Organic Solar Cell Structure

Eclipsall Solar PV Panels Featured in Veridian Headquarters Rooftop Solar Array

Optimism Sets Tone As Solar Power International Makes First Visit to Southeast

ENERGY NEWS
S. Korea denies entry to Greenpeace activists

Japan forum to discuss nuclear-free energy future

Japan PM tours troubled Fukushima nuclear plant

Czechs nix French Areva bid on nuke plant

ENERGY NEWS
Biorefining: The new green wave

Turd-eating worms clear air around Canadian toilets

Napiergrass: A Potential Biofuel Crop for the Sunny Southeast

Most biofuels are not green

ENERGY NEWS
China Spacesat gets 18-million-USD gov't support

Tiangong Orbit Change Signals Likely Date for Shenzhou 10

China Focus: Timeline for China's space research revealed

China eyes next lunar landing as US scales back

ENERGY NEWS
Climate: Scepticism highest in US, Britain - poll

Humans added plenty greenhouse gases before industrialisation

Salt marsh carbon may play role in slowing climate warming

Extreme climate change linked to early animal evolution




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement