UK energy supply for winter is uncertain, National Grid admits September 2, 2014 The UK’s energy supply for this winter is “uncertain”, the National Grid admitted yesterday, as it launched a plan to shore up the supply ahead of cold weather in the coming months. The electricity network operator is seeking extra supply capacity from power generators as a precautionary measure, according to a statement yesterday. It has [...]
National Grid on track for year due to improved performance July 28, 2014 ENERGY network operator National Grid yesterday announced it was on track for the next financial year after making improvements to its business on both sides of the Atlantic. The FTSE 100-listed company said it had made progress in delivering operational efficiencies and with its investment programme in the UK. It planned to spend £3.4bn in [...]
National Grid warns UK could import 90pc of its gas by 2035 July 9, 2014 A failure to invest in UK gas production could see dependency on imports rise to 90 per cent by 2035, National Grid warned today. The forecast from the power network comes amid growing fears about the UK’s energy security, with the spare margin between demand and supply set to narrow to a mere two per [...]
National Grid says power row hurts spending November 21, 2013 NATIONAL Grid has trimmed its investment plan for next year and warned that political wrangling over energy policy is stopping power companies from starting new projects. The FTSE 100 firm, which distributes gas and electricity across England and Wales, expects to spend £3.5bn on upgrades next year, down from the £3.6bn to £3.9bn it had [...]