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10/12/06

FT.com- Europe faces threat of power shortages - by Ed Crooks

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Europe faces threat of power shortages - by Ed Crooks

Europe faces the growing threat of electricity shortages because growth in demand has outstripped investment in new power stations, a leading consultancy has warned. Capgemini, the consultancy, said operating at such low margin levels raised the risk of power shortages, including interruption of supply to large industrial users, “brownouts” – reductions in supply voltage – and blackouts. Colette Lewiner of Cap­gemini said the study should be a “wake-up call” for the energy industry, governments and regulators.

“We are in a dangerous zone now,” she said. “We could have power cuts.”

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