The News Craving
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City AM
City AM
By Nicholas Earl The UK is facing a significant shortage in power that can be brought online at times of peak demand, warned Drax, raising the risk of supply crunches and blackouts. The power group has released a report it commissioned from Baringa Partners, warning that the UK’s dispatchable capacity is set to decline from 93 per cent 85 per cent by 2027. This is due to the retirement of inefficient fossil-fuel plants and nuclear reactors alongside a rise in demand because of electrification. Overall, Baringa has calculated that peak demand for electricity will increase by 4GW over the next f…