Energy Crisis And The Uk - 1594 Words

Energy crisis in the UK The United Kingdom is in the midst of a power shortage with fossil fuels running low and the closure of the coal mines and ageing nuclear power stations. In the upcoming winter months parts of the UK are likely to have â€Å"power blackouts. The UK is struggling to supply the vast amount of energy needed and it is said that supplies sre likely to be close to running out asoon as the winter 2015. The demand for energy is higher than the supply. National Grid and Ofgem have recently warned the government of the increased risk†¨of potential power shortages, particularly in 2015/16. To comply with the EU Large Combustion Plan Directive (LCPD), a significant number of coal-and oil-fired power plants are due to close by the end†¦show more content†¦Power station Operator Capacity (GW) Expected closure date Coal Cockenzie ScottishPower 1.2 By 2015 Didcot A †¨ RWE npower 2.0 By 2015 Ferrybridge Scottish and Southern Energy 1.0 By 2015 Ironbridge E.ON UK 1.0 By 2015 Kingsnorth E.ON UK†¨ 2.0 By 2015 Tilbury RWE npower 1.1 By 2015 Oil Fawley RWE npower 1.2 By 2015 Grain †¨ E.ON UK†¨ 2.0 By 2015 Littlebrook RWE npower 1.0 By 2015 Nuclear (Magnox) Oldbury NDA 0.4 2011 Wylfa NDA 1.0 2012 Nuclear (AGR) Hartlepool British Energy 1.2 2014 Heysham 1 British Energy 1.2 2014 Hinkley Point B British Energy 0.8 2016 Hunterston B British Energy 0.9 2016 Dungeness B British Energy 1.0 2018 Heysham 2 British Energy 1.2 2023 Torness British Energy 1.2 2023 The drastic closure of coal and nuclear power stations has reduced the supply available for the UK consumer, causing a cost crisis. Prices of electricity and gas have increased for most of the last decade, road fuel for most of the past two decades. This has had an impact on industrial and economic growth.Energy prices are projected to remain high or increase for many reasons.The UK output is declining as power stations are being closed and costly measures are put in place to cut carbon emissions . Energy companies are investing large sums of money into renewable energy. Ofgem’s Supply Market Indicators (SMIs), published on September 2013 confirmed electricity prices have increased over the last two years by 7%, driven primarily by a 17% increase inShow MoreRelatedPestle Analysis of Construction Industry Essay826 Words   |  4 Pages(Bricdata 2012; Balfour Beatty, 2012). * The interest rates are very low in the USA and UK where it will be kept at 0.5% until 2015 (Barrow and Copper, 2012). This will enhance consumer investments in infrastructure since the banks do not offer attractive rates. 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