Britain faces a “looming gap” in its energy supplies because of a series of failures in the Government’s scheme to keep the lights on, British Gas owner Centrica has warned. Ministers must make “significant changes” to their capacity market, which pays power stations to guarantee their availability, in order to push the subsidy high enough to secure investment in new gas plants, it said. The current scheme overestimates how much wind power may be available, given there will be “zero” when the wind doesn’t blow, and procures insufficient reliable power plant capacity, the energy giant said.
Telegraph 18th Feb 2016 read more »