Electricity Supply
With the development of the national grid, the switch to using electricity, United Kingdom electricity consumption increased by around 150% between the post war nationalisation of the industry in 1948 and the mid 1960s. During the 1960s growth slowed as the market became saturated. The United Kingdom is planning to reform its Electricity Market. It plans to introduce a capacity mechanism and contracts for difference to encourage the building of new generation.
At the beginning of March 2012, the installed capacity of wind power in the United Kingdom was 6,580 megawatts (MW), with 333 operational wind farms and 3,506 wind turbines in the United Kingdom. The country is ranked as the world's eighth largest producer of wind power. 2012 is expected to be a significant year for the offshore wind industry with potentially 5 farms becoming operational with over 1,300 MW of generating capability.
Read more about this topic: Energy In The United Kingdom
Famous quotes containing the word supply:
“If you have great talents, industry will improve them: if you have but moderate abilities, industry will supply their deficiency.”
—Sir Joshua Reynolds (1723–1792)