Auditel Consultant:
Stephen Gaubert

UK power shortage could impact energy costs

03 Feb 2010 | Filed under: Cost Reduction, Energy, Industry Comment

The UK could face power shortages in the years ahead, according to the energy regulator, Ofgem, in their Project Discovery update issued today, 3/2/10. Current estimates indicate that there should be enough capacity until 2015, but there will be increasing stress in the supply system unless the Government and the energy industry take significant coordinated steps to maintain the security of supply.

The possible shortfall comes from a number of factors:

the decline of our own gas supplies
the need to meet huge cuts in carbon emission levels
the need to replace large parts of our ageing energy infrastructure
and the over-riding need to make substantial progress towards the decarbonisation of our economy.

Ofgem estimate an investment of up to £200bn will be needed by 2020, and has set out a series of ideas and options to unlock the necessary funds.

To see more of the Ofgem Report – www.ofgem.gov.uk and look for Project Discovery.

The impact on the domestic and business consumer is inevitable – prices will increase, and therefore it is increasingly important to ensure that all users look to reduce their consumption, and costs, by becoming more energy efficient.

To find out how Auditel can help you control your energy use and the costs of gas and electricity in your business contact Stephen Gaubert – call 020 8482 1370 or 07785 340 280, email stephen.gaubert@auditel.co.uk or visit www.auditel.co.uk/stephengaubert