The UK’s National Energy System Operator (NESO) issued an Electricity Capacity Market Notice (CMN) on Monday, 14th October 2024, warning of a potential shortfall between projected supply and demand.
The notice, triggered when the margin fell below the required levels, was set to come into effect at 4:30 p.m.
However, it was cancelled later at 2:05 p.m.
In response to the CMN, Tom Greatrex, Chief Executive of the Nuclear Industry Association, stressed the importance of new investments in nuclear power.
Tom Greatrex said: “Without fresh investment and decisions on new nuclear projects at Sizewell C and Wylfa as well as Small Modular Reactors, these warnings will become more commonplace and we will have to continue relying on volatile gas markets to fill the gaps in supply, threatening out energy security and driving up bills and emissions.”
