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The drive towards a low-carbon economy has dramatically increased the need for electricity suppliers to seek out and develop renewable energy sources and for consumers to curb their appetite for power. Even so, in the UK the stark facts suggest that within a decade demand for electricity is likely to outstrip the nation’s ability to supply it, says Luq Niazi of IBM Global Business Services. “We will simply have to live with less energy,” he says.

The way to balance supply and demand in future will be to create smart grids. That was the view of speakers at a conference…

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