Energy shortage could hit bills, says Ofgem chief - 19/04/2012
Britain could face energy shortages in 2015 that may affect those looking to switch gas or electricity suppliers, according to the head of Ofgem.
Alistair Buchanan, chief executive of the UK energy regulator, said that there could be a "tightness" in electricity supply and a "squeeze" on gas by the middle of this decade, the Daily Telegraph reports.
The energy market is already unpredictable with gas prices being affected by anything from maintenance work on North Sea platforms to unrest in the Middle East.
However, with Britain closing many of its coal-fired power stations in 2015, he said there is the risk that electricity prices could also increase.
The comments were made at a conference in Amsterdam with Mr Buchanan adding that the pressure on gas and electricity supplies could cause "a very interesting issue on price".
Earlier in the week, the Daily Express reported industry insiders are warning of increases in wholesale energy costs that could see domestic energy prices hit £1,500 this year.
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