IEA warns of coming power failures

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Big News Network.com Saturday 7th May, 2005 (UPI)

The Paris-based International Energy Agency has said Europe and North America could face power blackouts this summer.

The agency said utility groups have failed to invest enough in electricity generation and transmission capacity, the Financial Times reported Saturday. Energy companies are also underinvesting in new oil and gas production capacity by up to 20 percent, the IEA said.

London, New York and several cities across southern Europe have experienced large-scale power failures during the past three summers because growing numbers of air-conditioners have driven demand to peak levels.

Fatih Birol, IEA chief economist, said electricity generation capacity in the European Union's 25 member states increased by only 1 percent last year -- less than half the 2.3 percent increase in electricity demand
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We need to get other Energy sources like Solar or Battery ...
So more blackouts in the Big Cities again!!!