When the energy regulator sounds the alarm over the risk of national power failure we should all listen. Yesterday Ofgem released a report warning of "reasonable doubt" over the security and sustainability of Britain's power supplies. It points to a combination of dwindling domestic gas reserves, a reliance on unstable foreign suppliers and a shortage of infrastructure investment. The regulator also reiterated a previous warning that without drastic action to expand supply many homes will soon find energy prices unaffordable.
The regulator rightly argues that the energy sector needs an overhaul if we are to meet this challenge. But what, precisely, is to be done? The solutions to the shortage of infrastructure investment already exist. The problem is that they are not being implemented speedily enough. Greater government support for wind, solar and wave generation would address the challenge of energy security and carbon emissions at the same time.
Reference: The Independent
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