DocumentCode
956500
Title
Ready to deliver? [security of supply]
Author
Buchanan, A.
Author_Institution
Ofgem, UK
Volume
20
Issue
2
fYear
2006
Firstpage
22
Lastpage
23
Abstract
This paper discusses how Britain´s privatized energy market is working to ensure that there is enough gas and electricity to meet the demand. Since privatization, there has been around #30 billion invested in Britain´s gas and electricity networks. This investment in unregulated infrastructure particularly demonstrates the response the market makes to deliver security of supply. Significant investment has also been made to build new plant when it is needed with the Renewables Obligation also leading to considerable investment in new renewable generation. There are also moves to address the upgrade and repair of networks that are more than 40 years old.
Keywords
investment; power markets; power supply quality; power system economics; power system reliability; pricing; Britain; British energy industry; Renewables Obligation; electricity demand; gas and electricity networks; gas demand; privatized energy market; supply security;
fLanguage
English
Journal_Title
Power Engineer
Publisher
iet
ISSN
1479-8344
Type
jour
Filename
1637910
Link To Document