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
- Demand is increasing
- Existing power generation plants are reaching end of life over next decade
- 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.