U.K. Risk of Power Blackout Growing by 2016, Regulator SaysReed Landberg
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.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Under Fire and Losing Trust, Facebook Plays the Victim
- Uber Victim Stepped Suddenly in Front of Self-Driving Car
- Fed Lifts Rates, Steepens Path Through 2020 for More Hikes
- YouTube Bans Firearms Demo Videos, Entering the Gun Control Debate
- Facebook Just Lost More Than Tesla's Entire Market Cap in Two Days