Ofgem warning fuels fears of UK energy shortfall
ENERGY: Britain is facing the rising risk of an energy shortfall within three years, Ofgem has warned.
And it said shortfalls could see National Grid cutting energy to businesses by 2015, to "avoid families being left in the dark".
The energy regulator said energy supplies were being hit by tough European Union environmental laws and the closure of ageing coal and oil-fired power stations.
It predicts the amount of spare capacity in the UK could plunge from current historic high levels of 14 per cent to 4 per cent in 2015/16.
MAYFAIR ESTATE AGENTS
If we cannot find you a tenant within one month, we will find you one for FREE, yes FREE, you will pay no fees.
Contact 01472 355553
Terms: Terms and Conditions Apply
Contact: 01472 355 553
Valid until: Wednesday, May 22 2013
Alistair Buchanan, chief executive of Ofgem, 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."
The findings come just days after Hull And Humber Chamber Of Commerce warned that the Government's seemingly lacklustre approach to renewable energy was holding back investment and sparking fears over sustainability of the UK's future energy mix, as reported in the Mail.
The president of the British Chambers Of Commerce is now set to take the concerns of local chambers to Downing Street.