Less Ads, More Data, More Tools Register for FREE

Pin to quick picksNational Grid Share News (NG.)

Share Price Information for National Grid (NG.)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 875.80
Bid: 876.40
Ask: 876.80
Change: -6.20 (-0.70%)
Spread: 0.40 (0.046%)
Open: 885.40
High: 886.00
Low: 871.60
Prev. Close: 882.00
NG. Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Britain considers coal power back-up for next winter - National Grid

Wed, 15th Mar 2023 17:16

LONDON, March 15 (Reuters) - Britain is considering keeping some coal plants available for back-up power to ensure sufficient electricity supplies for next winter, National Grid said on Wednesday but plant operators said they are unlikely to be able to meet the request.

Britain has a target to close its coal-fired power plants by October 2024 as part of efforts to cut fossil fuel emissions in line with global climate goals that seek to mitigate the effects of catastrophic climate change.

Plant operators such as EDF and Drax had indicated their plants would close before this deadline, but they have been kept available under contracts with National Grid as part of contingency plans for winter 2022/23 against a backdrop of record gas prices and fears of supply issues.

National Grid's Electricity System Operator said it had been asked by the government to explore potential contingency contracts for coal plants for the 2023/24 winter.

This winter the back-up coal plants have been used only once, when a cold snap swept the country in early March.

But both EDF and Drax said they did not expect to be able keep their plants ready for operation again next winter.

EDF said it had already indicated to the government that it planned to close its two remaining coal units at the West Burton A plant on March 31, 2023.

“There are a number of workforce and operational reasons that mean extending the life of West Burton A again is very challenging," it said in a statement, adding that many staff have already stayed on well beyond planned retirement dates.

Drax also said its coal units will close at the end of March 2023 as planned.

With "a number of certifications expiring on the coal-fired units, the units would not be able to operate compliantly for winter 2023," a Drax spokesperson said in an emailed statement.

Uniper, which operates the Ratcliffe coal power plant said as its four units already have separate capacity market contracts they would not be eligible for a new contingency contract.

Britain has a target to reach net zero emissions by 2050. (Reporting by Susanna Twidale Editing by David Goodman, Mark Potter and Aurora Ellis)

More News
13 Jun 2024 17:12

London stocks lose steam after Fed's rate cut outlook; Halma jumps

FTSE 100 down 0.6%, FTSE 250 off 1.5%

*

Read more
12 Jun 2024 18:30

IN BRIEF: National Grid says buyers secured for rights issue rump

National Grid PLC - London-based electricity and gas utility company - Says buyers have been found for remaining 97.7 million shares under the GBP7.00 billion rights issue for which valid acceptances were not received at a price of 835 pence per share. Notes this equates to around 9% of the shares issued under the rights issue. Earlier Wednesday, National Grid said it received acceptances from shareholders for 987.4 million new shares, 91% of the total on offer in the 7-for-24 rights issue. The rights issue price was 645p per share, meaning the acceptances are worth GBP6.39 billion.

Read more
12 Jun 2024 09:15

LONDON BROKER RATINGS: Goldman Sachs raises National Grid to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and on Tuesday:

Read more
12 Jun 2024 08:47

TOP NEWS: National Grid gets 90% acceptances for GBP7 billion raise

(Alliance News) - National Grid PLC on Wednesday said it received acceptances for more than 90% of the new shares on offer as part of its GBP7.00 billion rights issue.

Read more
12 Jun 2024 07:49

LONDON BRIEFING: Stocks called up; UK economy comes to halt in April

(Alliance News) - Stocks in London are called to open higher on Wednesday, as investors shake off news that the UK economy stalled in April.

Read more
6 Jun 2024 17:02

London stocks close higher on miners boost; ECB cuts rates

FTSE 100 up 0.5%, FTSE 250 adds 0.2%

*

Read more
3 Jun 2024 09:23

LONDON BROKER RATINGS: Berenberg raises Ricardo; Goldman cuts LandSec

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and on Friday:

Read more
3 Jun 2024 07:54

Citi upgrades National Grid, cites attractive risk/reward

(Sharecast News) - Citi upgraded National Grid on Monday to 'buy' from 'neutral' and lifted the price target to 985p from 920p as it cited an attractive risk/reward.

Read more
31 May 2024 17:24

London stocks end higher for third month

FTSE 100 up 0.5%, FTSE 250 gains 0.3%

*

Read more
31 May 2024 16:57

LONDON MARKET CLOSE: FTSE 100 rounds off decent May with gain

(Alliance News) - Equities in Europe ended higher on Friday, though stocks in New York were weaker, despite a key US inflation gauge landing in line with expectations.

Read more
31 May 2024 10:34

Jefferies reiterates 'buy' on National Grid, trims price target

(Sharecast News) - Jefferies trimmed its price target on National Grid on Friday as it reiterated its 'buy' rating on the energy infrastructure firm.

Read more
31 May 2024 09:15

LONDON BROKER RATINGS: RBC raises Centrica; Citigroup says buy BHP

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday:

Read more
30 May 2024 17:24

London stocks recover as yields retreat; Auto Trader hits record high

FTSE 100 up 0.6%; FTSE 250 climbs 1.2%

*

Read more
30 May 2024 13:35

Britain's creaking power grid leaves green energy revolution adrift

PORTSMOUTH, England, May 30 (Reuters) - British ferry operator Wightlink wants to order a $60 million, state-of-the-art electric ferry to make its crossings cleaner and greener. But it can't commission the vessel until it gets a power upgrade.

Read more
30 May 2024 13:14

Britain's creaking power grid leaves green energy revolution adrift

PORTSMOUTH, England, May 30 (Reuters) - British ferry operator Wightlink wants to order a $60 million, state-of-the-art electric ferry to make its crossings cleaner and greener. But it can't commission the vessel until it gets a power upgrade.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.