Latest Public Sector News

05.10.12

Spare energy capacity could ‘run out’ by 2015 – Ofgem

Britain risks running out of energy generating capacity by 2015, energy regulator Ofgem has warned in a new report.

The first annual Electricity Capacity Assessment suggests that the amount of spare capacity could fall from 14% to 4% in three years, much sooner than originally predicted. This could leave Britain relying more on imported gas, making price rises more likely.

The risk has increased as coal-fired power stations are being closed sooner than expected, and because of European environmental legislation. Ofgem is calling for more investment in building fresh generating capacity, and the Government has said it will respond before the end of the year.

Ofgem chief executive Alistair Buchanan said: “The unprecedented challenges facing Britain's energy industry… to attract the investment to deliver secure, sustainable and affordable energy supplies for consumers, still remain.

“Ofgem is working with government on its plans to reform the electricity market to tackle these issues.”

Energy secretary Ed Davey said: “Security of electricity supply is of critical importance to the health of the economy and the smooth functioning of our daily lives.

“That is why the Government is reforming the electricity market to deliver secure, clean and affordable electricity.”

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