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Britain risks running out of energy generating capacity in the winter of 2015-16, according to the energy regulator Ofgem. Its report predicted that the amount of spare capacity could fall from 14% now to only 4% in three years. Ofgem said this would leave Britain relying more on imported gas, which would make price rises more likely. The government said that its forthcoming Energy Bill would ensure that there was secure supply. Ofgem blames the risk on coal-fired power stations being closed sooner than expected and EU environmental legislation. The warnings come in Ofgem’s first annual Electricity Capacity Assessment. It… continue reading