Ready to deliver? [security of supply]

Abstract

This paper discusses how Britain's privatized energy market is working to ensure that there is enough gas and electricity to meet the demand. Since privatization, there has been around #30 billion invested in Britain's gas and electricity networks. This investment in unregulated infrastructure particularly demonstrates the response the market makes to deliver security of supply. Significant investment has also been made to build new plant when it is needed with the Renewables Obligation also leading to considerable investment in new renewable generation. There are also moves to address the upgrade and repair of networks that are more than 40 years old.