Energy: UK 'could face power shortages'

The BBC reports (click here) that the UK could face shortages in power in the years ahead and that consumers may find the prices too expensive.

Ofgem says the the industry need £200bn of investment but believe that energy companies would need incentives to invest that kind of money.

Ofgem reports that energy companies should be required to deliver more generation capacity and gas storage. They also suggest the formation of centralised market control.