Economics
In the News
Power Blackouts and Elasticity of Supply
14th October 2016
The National Grid have assured everyone that there's enough spare capacity to ensure that the lights won't go out this winter.
The Grid’s capacity margin, the cushion between electricity demand and supply, has risen to 6.6%, in part because of reprieves for some of the nation's coal-fired power stations. Good news? In a limited sense, I guess.
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