Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

U.K. Risk of Power Blackout Growing by 2016, Regulator Says

June 27 (Bloomberg) -- The risks that the U.K. suffers a major power blackout will rise toward the middle of the decade as aging generators retire from service, the nation’s energy regulator said.

Ofgem said the margin of electricity supply capacity over demand could narrow to between 2 percent and 5 percent by 2015 and 2016. That means the statistical risk of a disruption rises to once every 12 years by 2016 from once in every 47 years now, the regulator said in a statment today.

“Ofgem’s latest report on electricity security of supply highlights the need for reform to encourage investment in generation,” said Andrew Wright, chief executive officer of Ofgem.

Link to Company News:{2672Z LN <Equity> CN <GO>} Link to Company News:{SSE LN <Equity> CN <GO>} Link to Company News:{EDF FP <Equity> CN <GO>} Link to Company News:{CNA LN <Equity> CN <GO>} Link to Company News:{RWE GR <Equity> CN <GO>} Link to Company News:{EOAN GR <Equity> CN <GO>} Link to Company News:{IBE SM <Equity> CN <GO>}

To contact the reporter on this story: Reed Landberg in London at landberg@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.