Electricity: Power cuts are likely to return

Article in today’s FT (http://www.ft.com/cms/s/0/4d75732a-cf3f-11df-9be2-00144feab49a.html) about anticipated power shortages in South Africa due to insufficient capacity caused by lack of investment.  Will the same thing happen in the UK where we know

  1. Demand is increasing
  2. Existing power generation plants are reaching end of life over next decade
  3. Massive investments in government and (customers via Renewable Obligation Certificates) into “renewable”, and probably unreliable in my view, energy

I guess we’ll find out as there is no indication that our direction will change in time to have a mid-decade affect.

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