In a report released today, Ofgem (the UK regulators for the energy industry) forecasters are warning that the spare energy capacity in the UK is likely to fall to just 4% in three years.What does this mean?The UK currently, at any given time, has a headroom/margin of around 14% on its energy creation/delivery capability. To simplify what this means, if we imagine all of the energy being consumed in the UK right now (gas and electricity) as a figure of 100 energy units, we could cater … [Read more...]