In the News

Power Blackouts and Elasticity of Supply

Graham Watson

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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Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to Tutor2U, reads voraciously and is interested in all aspects of Teaching and Learning.

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