Energy supplies will be tight this winter, warns National Grid’s system operator July 28, 2022 The UK's electricity supply could be tight at times this winter but there should be sufficient supplies to meet demand revealed NGESO.
‘Boring’ breakthrough: Tunnel-making machine completes 6.7km journey under south London June 23, 2022 The first of five drives by four tunnel boring machines in London was completed yesterday, travelling 6.7km underneath the capital. A team of ‘boring’ National Grid workers marked the completion of its journey across south London, with the breakthrough in Eltham. The London Power Tunnels project started in July last year reaching depths of 50m [...]
National Grid posts £4bn profit amid soaring electricity and gas prices May 19, 2022 National Grid announced operating profit was up 11 per cent to £4bn as the firm continues to invest in its energy transition.
National Grid to pay £200m to energy users from subsea cable trading May 11, 2022 National Grid has revealed it will share some of the excess cash it has made with struggling households amid the cost of living crisis.
National Grid partly nationalised in energy shake up April 6, 2022 The National Grid will no longer be responsible for keeping the country's electricity and gas flowing as part of a government shake-up.
National Grid warns of price spikes but says British lights won’t go off this winter October 7, 2021 The National Grid has warned of increased risks of power shortages and “significant price spikes” this winter. The country would face its highest risk of power shortages in five years, the Grid said in a forecast. However, the company said it was confident that there would be “enough capacity available to keep Britain’s lights on.” [...]
National Grid’s £7.8bn power deal gets green light from competition watchdog September 1, 2021 The UK’s competition watchdog has today given the green light to National Grid’s whopping £7.8bn deal to buy Western Power Distribution (WPD). Based on the information currently available, the Competition and Markets Authority (CMA) said it had decided not to refer the merger to a phase 2 investigation. Back in March National Grid announced that [...]
Construction of North Sea Link cable completed ahead of October power-up June 15, 2021 Construction work on the world’s longest subsea electric cable has now been completed, the National Grid announced today. The final segment of the 450 mile-long North Sea Link (NSL), which connects Blyth in Northumberland to the Norwegian village of Kvilldal, has now been laid. When it begins operating on 1 October, the interconnector will provide enough power [...]
National Grid cuts Covid-19 losses with ‘solid’ year May 20, 2021 National Grid this morning said it had limited the financial impact of the coronavirus pandemic to £296m, well ahead of the £400m hit it had previously predicted. The FTSE 100 firm this morning revealed that its underlying pre-tax profit had slipped just three per cent over the full year, falling from £2.5bn to £2.4bn. The [...]
‘Electric or bust’ for National Grid as it snaps up Western Power Distribution for £8bn March 18, 2021 National Grid shocked the system this morning when it announced it would buy Western Power Distribution (WPD), the holding company of Britain’s largest electricity distribution business, from US-based company PPL in a £7.8bn deal. Moreover, National Grid agreed to sell The Narragansett Electric Company (NECO) to PPL Energy Holdings, also a subsidiary of PPL, for an [...]