Power shortages and excessive prices for energy are a high possibility according to energy regulator Ofgem.

There is ‘reasonable doubt’ that energy suppliers would be able to meet energy demands in the coming decade unless investment of £200 billion is invested by 2020.

This would inevitably lead to customers seeing massive rises in energy prices to accommodate this. Ofgem had suggested the average household annual gas and electricity bill would rise by up to 25% to £2,000 or so by 2020, which would leave many people unable to afford the cost. Solution suggestions included investing in ‘green’ technology and having a centralised energy buyer that could be government owned or regulated.


For more on this story click here and for lots on green energy and other eco-friendly stories click here

Picture kindly from here