10 Jun 2014
Dermot Nolan, Ofgem Chief Executive, said: “Ofgem has taken decisive action by giving National Grid additional tools to manage lower electricity margins from this winter, when Britain will have less generation available. We welcome their announcement on tenders for using these tools.
“An early indication of our analysis shows that the risks to security of electricity supplies for next winter are going to be very similar to last winter. And while no electricity system anywhere in the world can give a 100 per cent guarantee we are confident that National Grid has the right levers to keep the lights on for households this winter. However, there can never be any room for complacency: National Grid and the industry must be vigilant at all times.”
Story appears courtesy of Ofgem.