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| SSE chief executive, Ian Marchant, warns of risk of "lights going out" | SSE chief executive, Ian Marchant, warns of risk of "lights going out" |
| (35 minutes later) | |
| The boss of the energy firm SSE has warned that "there is a very real risk of the lights going out" in Britain. | The boss of the energy firm SSE has warned that "there is a very real risk of the lights going out" in Britain. |
| Ian Marchant said the government was significantly underestimating the scale of the capacity crunch facing the country. | Ian Marchant said the government was significantly underestimating the scale of the capacity crunch facing the country. |
| He was commenting on the company's decision to cut back on power generation at five sites. | He was commenting on the company's decision to cut back on power generation at five sites. |
| The energy regulator, Ofgem, has also warned of an increased risk of a blackout. | The energy regulator, Ofgem, has also warned of an increased risk of a blackout. |
| Mr Marchant added that the government "can reduce this risk significantly by taking swift action to provide much greater clarity on its electricity market reforms and bringing forward capacity payments for existing plants from 2018 to 2014". | Mr Marchant added that the government "can reduce this risk significantly by taking swift action to provide much greater clarity on its electricity market reforms and bringing forward capacity payments for existing plants from 2018 to 2014". |
| The company is reducing its energy generation by 2,000MW over the next year. The power stations affected are Ferrybridge, Keadby, Slough Uskmouth and Peterhead. It is also postponing further investment in gas-fired electricity generation until at least 2015. | The company is reducing its energy generation by 2,000MW over the next year. The power stations affected are Ferrybridge, Keadby, Slough Uskmouth and Peterhead. It is also postponing further investment in gas-fired electricity generation until at least 2015. |
| About 150 jobs are affected by the news, but the company is confident that most employees will be redeployed. | |
| SSE is one of the UK's six big power companies. | SSE is one of the UK's six big power companies. |