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National Grid

  • Bolt from the blue: Grid blames lightning strike for power cut which switched out the lights in 1m homes

    August 20, 2019

    National Grid today said a bolt of lightning was to blame for a power outage which left over a million homes without power and knocked out trains, a hospital and an airport. The listed grid operator said that a bolt strike on a power line in Cambridgeshire tripped two generating plants. Read more: Government sets [...]

  • Government sets out scope for probe into National Grid outage

    August 14, 2019

    The government has laid out its plans to probe National Grid over a blackout which left almost 1m homes without power and closed two major train stations in London last week. The Energy Emergencies Executive Committee will look into whether National Grid, which runs most of Britain’s power network, took the right steps after the [...]

  • FTSE 100 bosses to meet President Donald Trump during UK state visit

    May 31, 2019

    A group of FTSE 100 chiefs will meet US President Donald Trump during his state visit to the UK next week, Sky News has reported, along with the heads of various US companies. Read more: European stock markets bleed red as Trump takes trade war to Mexico The bosses of Barclays, National Grid, BAE Systems, [...]

  • Storms and abandoned nuclear projects take chunk out of National Grid profits

    May 16, 2019

    Profits fell by a third at National Grid last year it said a day after being thrown into the centre of a debate over nationalisation. The figures The FTSE 100 grid operator lost 31 per cent of its profit before tax, down to £1.84bn in the year ending March, it said this morning. Read more: [...]

  • The two main advocates of nationalisation without market value compensation: Venezuela and Corbyn’s Labour Party

    May 15, 2019

    Labour's shadow chancellor can be quite charming when he wants to be. He can also be quite thuggish, and has yet to apologise for his comments about “lynching” former Tory minister Esther McVey. But it was charming John who spoke to an audience of CEOs earlier this week, during which he was asked by one [...]

  • Labour plans to nationalise power grid would delay green transition, firms say

    May 15, 2019

    The businesses which supply power to British homes have hit out at Labour after it revealed plans to bring the electricity grid back into public hands. National Grid, which has run the networks since privatisation in 1990, today took aim at the party’s ambitions, saying its business was creating a framework to help Britain reduce its [...]

  • Leaked document reveals Labour plan to nationalise UK energy network at below market value

    May 14, 2019

    Labour leader Jeremy Corbyn has devised proposals to take control of the UK’s energy networks in a plan that industry groups said could increase bills and slow decarbonisation. A Labour party document reveals Corbyn’s plan to nationalise energy companies “immediately” following a general election win. Read more: World could face energy shortage as investment lags [...]

  • London startup backed by the Mayor and National Grid launches embedded car charging points

    January 29, 2019

    Connected Kerb has today launched its first series of electric car charging points fully embedded into the road's curbside. Built into Borough Road in Southwark, the launch was supported by Southwark Council, Virgin Media and National Grid. The move comes after the London startup won the Mayor's Award for Urban Innovation last year. Users of electric cars [...]

  • National Grid ends lengthy dispute with US unions

    January 8, 2019

    National Grid has struck a deal with unions to end a longrunning dispute at its US business. Shares in the FTSE 100 energy giant rose one per cent this morning after the company announced its agreement with Massachusetts Gas unions over employment terms and conditions. It said the agreement is for a five-and-a-half-year contract covering [...]

  • Former chiefs of UK’s nuclear body launch legal action over Magnox fiasco

    January 5, 2019

    The former bosses of the UK’s nuclear body are caught in a legal battle over an investigation into the botched handling of the Magnox nuclear decommissioning contract. The former chairman of the Nuclear Decommissioning Authority (NDA) Stephen Henwood and the organisation’s former chief executive John Clarke are trying to block the publication of a critical [...]

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