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Jostein Kristensen discusses how the UK’s energy supply is managed

Following a request last week from National Grid for the UK power industry to provide additional electricity generation, Share Radio spoke to Oxera Partner, Jostein Kristensen, about how the supply and demand of electricity is managed in the UK.
Several unplanned outages last week led to a low margin of supply over demand. This meant that National Grid needed to procure additional generation capacity and incentivise major users to reduce demand at short notice. The reasonable margin of supply over demand changes over time. As the economy improves and demand increases, there is a need for greater investment in capacity to ensure adequate supply.
Listen to the full podcast.