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Power-saving payments and coal to return as UK preps winter energy
National Grid ESO suggested the plans ahead of another winter of likely tight energy supply
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National Grid PLC
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National Grid is an international, London-based company, which provides electricity and natural gas
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Coal station told to warm as imports soar
Uniper's Ratcliffe coal power plant has been ordered to warm ahead of a suspected demand surge
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Ofgem net zero mandate to unlock billions for renewables
Ofgem will be legally required to support the energy sector’s transition toward a 2050 net zero target
Onshore wind to sit on ‘level playing field’ if classed as nationally significant
Proposed reforms to remove an effective ban on onshore wind could place the power source 'on a level playing field' industry members claim
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National Grid the top 'bond proxy' pick says JPMorgan
A better bet than water utilities for many reasons says the US broker
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Offshore wind hampered by slow grid connections – report
Long waiting times are holding back targets for offshore wind production, a Wednesday report said
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Government pressures Ofgem to tackle power market 'manipulation'
Grant Shapps wants regulator to tackle overcharging and profiteering
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Squeezed supply, soaring prices and a return to coal: how Tuesday’s energy scare happened
Tuesday marked a busy day for National Grid ESO, as a host of factors squeezed the UK's energy supply
Government ‘asleep at the wheel’ climate change committee warns
The government is "asleep at the wheel" in reforming the UK's energy system, but decarbonisation is possible, the CCC said
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National Grid shells out £4.6mln as back-up coal stations used for first time
Two back-up coal power stations were used to supply the grid on Tuesday, as National Grid's operating wing upped spending on the balancing market
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National Grid accepts new Ofgem price controls to reign in monopolies
National Grid has accepted Ofgem's new price control proposals, aimed at boosting investment in the UK's power grid
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Gas imports slashed as UK renewables take over in 2022
Renewables produced enough power for all of the UK's homes this winter, reducing the need for gas
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Ofgem to clamp down on balancing market profits, but what does it mean?
Ofgem is poised to increase regulation of the UK's energy balancing market, after costs rose from £500mln during the winter of 2020, to £1.5bn a year later
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Hydrogen to be added to Britain’s gas supply by 2025
Hydrogen is set to make up between 2% and 5% of the UK's gas supply by 2025, according to new plans from National Gas
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National Grid tells coal stations to fire up as exports to France soar
National Grid has ordered back-up coal power stations to warm on Thursday as the UK’s energy market remains tight and exports to France soar
Centrica, Drax and Octopus continue scheme paying households for using less energy
Firms are gearing up for the second demand flexibility event on Tuesday, as colder weather causes the UK's energy market to tighten
UK wind power sails past record and hits new milestone
UK wind power generated over 21GW for the first time on Tuesday, hitting and staying over the milestone for several hours
Wind power breaks record but gas is biggest contributor to UK electricity grid in 2022
Wind power hit record highs in 2022, which saw renewables generators almost 50% ok the UK's energy mix
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UK zero carbon electricity record broken for second time in days
87.6% of the UK's energy came from zero carbon generators on Wednesday morning, breaking a record set just five days earlier
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National Grid stands down coal power stations after overnight order
National Grid has taken back its request for two coal-fired power stations to start firing up to ensure the UK's energy supply on Monday
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Solar production to outdo coal in next five years, keeping 1.5C ambitions ‘alive’ – report
Renewable energy capacity is on course to double in the coming years, keeping 1.5C global temperature ambitions "alive" according to the IEA
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National Grid closer to sale of stake in UK gas distribution
National Grid's sale of its gas business has met regulatory conditions and will take place before February 2023
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National Grid dismisses blackout report saying there's 'plenty of power'
Tuesday’s scare follows months of warnings from the Grid about possible power cuts
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Unite union lashes out at National Grid's ‘rampant profiteering’
Ofgem is facing renewed scrutiny after calls for it to implement a profit cap on energy distribution network operators
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National Grid raises EPS guidance and pledges more investment as profits jump
The FTSE 100 company now expects EPS growth in the middle of a new 6%-8% compound average growth rate (CAGR range), up from 5%-7% before, and capital investment of up to £40bn (from £30bn-£35bn before)
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FTSE 100 closes firmly higher as US inflation data cheers markets
Britain's blue-chip benchmark finished the day around 79 points higher, or 1.08%, at 7,375
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OVO launches trial offering customers cheap-to-run zero emissions boilers for free
Customers could get cheaper energy rates and cut carbon emissions by signing up to the trial
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National Grid 'an attractive opportunity for investors' - JP Morgan
National Grid has prospect of almost certain growth as “the backbone of energy transition,” according to brokers
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US/UK gas deal in the works despite COP27 climate change warnings
Rishi Sunak is set to announce a major LNG deal with the US despite urging delegates to honour promises on climate change at COP27
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FIVE at FIVE: FTSE 100 soars on US jobs, National Grid £100 saving scheme; Twitter staff cuts; M&S and Sainsbury’s Christmas ads; ScotRail strikes
Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news
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National Grid scheme can save households £100 by simply turning off appliances
National Grid's Demand Flexibility Service has been approved by Ofgem, potentially saving participating households £100
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National Grid to contrast with power blackout warnings
National Grid will report on 10 November, after previously saying it was trading in line with expectations
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Government tests ‘Programme Yarrow’ plans for week-long worst case scenario blackouts- report
The Government has reportedly tested its plans for a worst case scenario of a seven day energy blackout.
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National Grid confirms emergency support funds, says blackouts remain possible
National Grid CEO confirmed that blackouts are still a possibility, before launching £50mln emergency support for vulnerable households
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National Grid ups payments for households to use off-peak power
It has raised the price it is prepared to pay to £3 from 52p per Kwh
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National Grid boss says any blackouts will be 4pm-7pm on weekdays
Europe is being affected by gas shortages due to the Ukraine war and Russia cutting off supplies
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National Grid says first-half trading in line with expectations
The company said it will publish its half-year results on November 10, 2022
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National Grid warns of possible power cuts this winter
The company said it was cautiously confident there would be enough electricity to meet the demands of businesses and consumers this winter
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Energy crisis to last three years, warns National Grid
A draft proposal from National Grid proposes making payments of up to £5mln this winter to factories that cut production if the gas crisis worsens due to the war in Ukraine, the Telegraph reported
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National Grid doubles time set aside for emergency exercises
Doubling the exercise days adds to growing concern the UK could be hit by energy shortages this winter
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UK govt probes sale of National Grid's gas and metering business
Ministers have 30 days to review the sale of a major stake in National Grid's gas pipeline and metering business
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National Grid delays coal plant closures to prevent "shortfalls" this winter
The grid operator confirmed it is in discussions with power producers to postpone closures of up to five coal units
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Ofgem unveils £21bn overhaul of electricity grid with “lower returns for investors”
The regulator said it will ensure costs are “kept to a minimum while allowing funding for the improvements needed”
'Hard to be constructive' on UK utilities sector says Citi
"Sector performance is capped by politics, until commodity prices normalise," analysts said
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National Grid makes £4bn profits, high energy prices 'inevitable'
The energy supplier's pre-tax profit rose 107% to £3.44bn while operating profit soared 82%
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National Grid downgraded after six months share price surge
“National Grid has an SEC yield of 7.4%, broadly in line with our estimate of its cost of equity."
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FTSE 100 closes below 7,400 after another triple-digit drop as Chinese lockdown hits commodity prices
US stocks were also weak in the New York morning session weighed down by worries over the pace of Federal Reserve interest rate hikes and ahead of some key corporate tech earnings this week
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National Grid gets lift from inflation; raises guidance
National Grid now expects better-than-expected underlying operating profit in its UK Electricity Transmission and Electricity Distribution thanks to inflation
National Grid sells UK gas network stake to Aussie-led consortium
The deal, which values the unit, NGG, at about £9.6bn, comes as part of National Grid’s strategic shift towards electricity and the delivery of net zero greenhouse gas targets
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UK government considering making it harder for locals to prevent construction of new nuclear power plants
Ministers are reportedly mulling the introduction of a new “net-zero duty” that would force environmental regulators to factor in the government’s desire to increase UK energy production
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National Grid and Octopus Energy launch trial that pays households to cut peak time electricity use
The aim is to determine if reducing peak time home energy demand can improve the balance of supply and demand on the grid
Power company positives clouded by rising interest rates and political risk, says RBC
National Grid shares were downgraded by RBC but analysts upped their share price targets for Drax and SSE
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National Grid made to pay after two-year delay to renewable energy power cable
Such innovative projects are vital, said regulator Ofgem, but they “must be delivered on time and to the standards agreed”
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National Grid upgrades profit forecast as Norway link boosts outlook
The power network operator said it now expects underlying EPS for the current fiscal year to be “significantly above” the top end of its 5%-7% forecast range
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National Grid says trading in line despite UK power crisis
Net finance costs are expected to be weighted more towards the second half due to non-treasury interest benefits in the first half
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National Grid says energy supply can meet UK demand this winter
British wholesale gas prices continue rocketing and more suppliers are expected to stop trading
Failed energy suppliers will squeeze margins of survivors, says Moody’s
More companies are expected to stop trading as the cold winter months near
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Gas crisis: Boris Johnson to pledge all UK electricity will come from renewable sources by 2035
The prime minister will propose this as a solution to the country’s reliance on gas and fossil fuels in light of the recent price surges
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National Grid says new UK-Norway power cable ensures "secure" power supply
At full capacity, the cable will generate 1,400MW, providing enough clean electricity to power 1.4mln homes in the UK
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Fire at France-UK power link heaps pressure on electricity supplies
Some 1,000 megawatts will be unavailable until 13 October on top of an already planned outage
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How gas pricing affects UK businesses and consumers: an explainer
Energy prices in the UK are soaring and the market is bracing for a tough winter
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National Grid cleared for £7.8bn distributor purchase
The CMA said it had decided not to refer the merger to a phase 2 investigation.
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Costain and Grafton to give Wednesday's agenda an "under construction" feel
As well as interims from Costain and Grafton, Wednesday should see full-year results from Clipper Logistics
Wood Group, Costain, CRH and Jackson Hole marked in the diary for coming week
Other reports expected in the week ahead include from BATM Advanced Communications, Clipper Logistics, Grafton Group and Hunting
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National Grid gives mixed response to provisional network price controls framework
National Grid will now review the detailed documents to determine the CMA's rationale for this provisional determination
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Oil price, Angus, Jadestone, UOG. And finally…
Another up week, little changes as we move into the new month where we are pretty much constantly seeing stock draws and the increased call on Opec+ despite the 400/- b/d rise agreed at the recent meeting. WTI rose $1.88 and Brent $1.31 des
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National Grid to lose control of UK's power network in 'smart' energy plan
Technologies include pumped hydro storage, compressed air energy storage and the conversion of power to hydrogen
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Oil price, Angus, Savannah, Lekoil. And finally…
Continued confidence on the oil price front as news from the Opec+ meeting which was one of the fastest on record starts to filter through. They expect world wide stocks to continue to fall as the draw on Opec increases given another fall i
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National Grid achieves 'solid underlying financial performance'
“Our confidence in the group's prospects is reflected in the ambitious five-year outlook for capital investment, asset growth and earnings, which we are announcing today”
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National Grid 'reinforcing its key role' in the UK's energy transition, says broker
Analysts at Berenberg said the company's investments are “essential to enable changes in the energy mix as well as in the wider economy”
National Grid is becoming more focused on electrification and net zero, says Credit Suisse
The utility announced yesterday it would acquire the UK electricity distributor from PPL for £7.8bn
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National Grid to sell gas assets after buying UK ‘s largest electricity distributor
National Grid intends to sell its majority stake in the UK’s national gas transmission system
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National Grid and Pennon stand out for RBC Capital as it assesses the outlook for Europe's big utility firms
RBC said the switch to renewables will benefit transmission firms such as NGG
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National Grid to appeal part of Ofgem pricing recommendations
The utility expects to invest around £10bn of capex through the course of the 5-year price control
Builders and building materials
Costain settles with Welsh Government over A465 road contract
Costain took a provision of £45mln in its interim results
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National Grid little moved as regulator calls for separate electricity system operator
Analysts at Citigroup noted that there is an expectation that National Grid will be compensated for this loss of RAB and earnings
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National Grid gets powered up rating from analysts after regulator's improved offer
Elsewhere, Barclays also lifted its target price on National Grid, while Goldman Sachs nudged up its target for energy producer SSE
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Power companies allowed to make more money over next five years as Ofgem eases proposals
The changes would still mean bills will come down by £10 per household or by £2.3bn in total said the regulator
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Small Cap Wrap - Helium One Global; Tirupati Graphite; Mailbox REIT PLC
Dishes of the day BrandShield Systems (LON:BRSD), the provider of cybersecurity solutions from brand protection to online threat hunting, announced its admission to trading on AIM following the reverse takeover of Two Shields Investments pl
Investments and investor services
Is the UK ready for the transition to electric cars?
The country's ambitious plan will require huge efforts across the board
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National Grid down to neutral as UBS says risk-reward profile now more balanced
The bank said the firm's share price had overreacted to draft price controls form Ofgem in May, however, there remained a risk of new regulation as well as delays to US stimulus packages
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National Grid appoints big-cap board member as chair
Paula Reynolds is replacing Sir Peter Gershon, who is leaving in January
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National Grid says consumers want investment in net zero rather than cheaper bills
“The proposals also risk disrupting our supply chain, inhibiting our ability to maintain resilient and reliable networks,” the electricity distributor said
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National Grid submits rate increase for upstate New York business
The area represents almost 30% of the energy distributor's US rate base
Britain to have 40mln electric vehicles by 2040 predicts UK grid operator
Heat pumps with thermal batteries should replace gas boilers says NG
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Today's Market View - Bezant Resources; Shanta God and more...
Economics US – Discussions over a new COVID-19 related stimulus package will start at the White House on Monday involving Senate Majority Leader Mitch McConnell, Treasury Secretary Steven Mnuchin and others. Bloomberg reports Virus ‘out of