National Grid

Ticker NG.

Today's data summary

Market closed
% change
+0.06%
Price Pence
945.60
Change
+0.60
As of 00:47 27 Oct 2020
Market cap. Pound sterling
33,288.11 million
As of 00:47 27 Oct 2020

Latest updates

  1. Council sets aside £250,000 to fight electricity link

    Pylon

    A council said it has spent £4,100 and allocated a further £250,000 to contest plans for an electricity link between England and France.

    Aquind Ltd submitted plans for a £1.1bn interconnector in November.

    Portsmouth City Council said it would employ "specialist planners and lawyers" to fight the route of the cables through the city to Lovedean.

    Leader Gerald Vernon-Jackson said the work would disrupt Eastern Road and could lead to the removal of Milton allotments.

    However Aquind said no allotments would be affected, according to the Local Democracy Reporting Service.

  2. The end of coal?

    Coal being moved by heavy diggers

    Britain is about to pass a significant landmark - at midnight on Wednesday it will have gone two full months without burning coal to generate power.

    It follows a plummet in demand for power following the coronavirus lockdown.

    The National Grid, which controls the electricity flow across Wales, England and Scotland, responded by taking power plants of its network.

    The last four remaining coal-fired plants were the first to be shut down.

    The last coal generator came off the system at midnight on 9 April. No coal has been burnt for electricity since.

    The current coal-free period smashes the previous record of 18 days, 6 hours and 10 minutes which was set in June last year.

    A decade ago about 40% of Britain's electricity came from coal.

    Wales' last coal-fired power plant at Aberthaw, Vale of Glamorgan, officially closed during lockdown on 31 March, and is now being decommissioned.

  3. Video content

    Video caption: National grid worker returning home met with cheers and hugs

    Chris Jarvis slept in an isolation pod at work for six weeks to keep the country's power going.

  4. Three reasons why we don't buy electric cars

    BBC Radio 5 Live

    Electric car charging

    Three reasons currently put people off from buying electric cars, according to Nicola Shaw, executive director of the National Grid.

    “One. they can’t get the vehicle they like. Secondly, they can’t get it at the price they want and thirdly, they have ‘range anxiety,’" she told Radio 5 Live.

    “They worry the battery won’t get them where they want to go when they go long distance. Of course, this makes up just a few of our trips, but it's important to people when buying a car”

    The National Grid is now working with the motorway service sector to get rid of the third issue, because, Ms Shaw expects, the car industry will solve the first two.

    The £850m plan aims to get 99% of the population within 60 miles of a “rapid charger", which will charge up vehicles to go long distances in the time it takes to get a cup of coffee.

  5. National Grid 'planning to recruit 21,000 people' in the North East

    Jill Archbold

    BBC Look North

    National Grid says 21,000 new energy jobs will be needed in the North East to reach the goal to cut emissions to net zero by 2050.

    The company says its study shows the need to fill 400,000 positions across the country in skilled tradespeople, engineers and other specialists as part of the UK's legal targets to cut greenhouse gas emissions.

    According to the report, recruits will be needed here to deliver projects like offshore wind and the interconnector off the coast of Blyth in Northumberland.

    Nicola Shaw, executive director of National Grid, said: "Our research shows that to deliver net zero, the energy industry needs to recruit hundreds of thousands of people over the next 30 years - and that really is the tip of the iceberg in terms of the wider impact of net zero across other industries.

    "The time is now for the sector to rise to the challenge and overcome the long-standing issues we face in recruiting a diverse workforce with the right skills to deliver on the UK's ambitions."

    Pylons
  6. National Grid US director to leave

    National Grid says it has agreed with Dean Seavers, US executive director, that for personal reasons, he will step down with immediate effect from his position as a member of the board and as president of the US business.

    He will stay with the business until 31 December 2019 in order "to ensure a smooth leadership transition and handover".