This time from the head of one of the big six power companies, SSE.
Ofgem warned of a 10% cut in capacity from April this year. This man is saying the cut will be much deeper. Why? It is partly because successive governments have fudged the issue of power generation, partly because of the introduction of useless green technologies, and now partly by what looks like blackmail by the power companies.
SSE is cutting back generation capacity because the government will not bring capacity payments forward from 2018 to 2014. Other generators are due to follow.
Maybe it is time to take back power generation into public ownership.