he news today is that the margin between capacity and demand for electricity this winter is very low at around 4%. One big coal fired plant going off line or another incident at a nuclear plant and we'll have rolling brown or black-outs.
I lay the blame squarely at the electricity privatisation process which meant that unless suppliers had their pockets filled with gold, they wouldn't have any spare capacity and through the settlement process actively encourages very high marginal prices.
There's a lack of strategic capacity planning and the generators, used to sucking at the teat of subsidy, won't build new plant unless they're guaranteed an exceptionally generous return. The dream of hungry generators touting for business has instead turned into a cartel of large generators milking the U.K market for all its worth.
Now in addition to paying over the odds, we may not even have enough electricity this winter :(. Glad we've got a wood-burning stove in the living room and an old fashioned gravity-fed AGA to cook on.
http://ift.tt/1v94CQV
Oh, and of course the "dash for gas" has left us heavily dependent on Russia.
I lay the blame squarely at the electricity privatisation process which meant that unless suppliers had their pockets filled with gold, they wouldn't have any spare capacity and through the settlement process actively encourages very high marginal prices.
There's a lack of strategic capacity planning and the generators, used to sucking at the teat of subsidy, won't build new plant unless they're guaranteed an exceptionally generous return. The dream of hungry generators touting for business has instead turned into a cartel of large generators milking the U.K market for all its worth.
Now in addition to paying over the odds, we may not even have enough electricity this winter :(. Glad we've got a wood-burning stove in the living room and an old fashioned gravity-fed AGA to cook on.
http://ift.tt/1v94CQV
Oh, and of course the "dash for gas" has left us heavily dependent on Russia.
via International Skeptics Forum http://www.internationalskeptics.com/forums/showthread.php?t=284775&goto=newpost
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