Ofgem has sounded serious warning bells about UK’s generating margin falling from about 14% to sub 4% levels around 2016. Ed Milliband’s statement of a Labour Government freezing energy bills could hardly come at a worse moment and could in fact result in a greater likelihood of brown or blackouts.
Major investment is needed in the electricity network and the new wave of nuclear power stations recently announced will not come online until at least 2020. The debate over alternative fuels like shale gas still needs to be had, to assess its suitability and impact on the future of UK energy. And whilst standby generation may seem an easy option and undoubtedly this will form part of the solution, it also needs to be highlighted that it cannot necessarily be relied on as a last-minute solution, for when the crunch comes, fuel will be in high demand and availability will plummet.
So where does that leave the rest of us? There are few benefits to a power outage; the only redeeming effects being an increase in self-reliance and a chance for the standby power industry to shine.
The risks to business is high, even more so due to the current lack of awareness and most may well have no contingency plan to keep their businesses running. Companies face disruption through possible loss of process and equipment failure.
BSRIA is pleased to be working alongside the Electrical Contractors Association (ECA). Our forthcoming event at Central Hall in London looks at the scale of the problem of reduced electricity supply capacity at peak times in the coming years. We look to identify solutions that can be adopted in order to reduce the risk to the core business and also the support needed for building owner operators, facilities mangers, contractors and service providers to allow them to provide the maximum provision during challenging times.
This event is free to BSRIA and ECA members, but also open to a wider audience.