UK energy regulator warns of increased blackout risk by 2015/16
LONDON, June 27
LONDON, June 27 (Reuters) - Britain's spare power production capacity could fall as low as 2 percent in two years' time, increasing the risk of blackouts, energy regulator Ofgem warned on Thursday.
"Ofgem's analysis indicates a faster-than-anticipated tightening of electricity margins toward the middle of this decade," the agency said, adding that the chance of supply disruptions would rise to one in 12 years in 2015/16 from one in 47 years now. (Reporting by Karolin Schaps; editing by Jane Baird)
- Tweet this
- Share this
- Digg this
DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.