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| Name | Symbol | Market | Type |
|---|---|---|---|
| Iberdrola SA (PK) | USOTC:IBDRY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.07 | 0.14% | 49.96 | 49.50 | 50.01 | 50.11 | 49.575 | 50.11 | 28,555 | 21:00:29 |
From May 2019 to May 2024
By Ed Ballard
LONDON--The U.K.'s energy regulator Ofgem said the companies that run the U.K.'s electricity network will spend 17 billion pounds ($28.8 billion) on upgrading and maintaining Britain's local grid infrastructure.
The proposals, which take effect in April and run until 2023, will reduce the amount customers pay to cover electricity grid investment by GBP12 pounds a year, Ofgem said.
Ofgem's proposals cover the investment and pricing plans of five of the U.K.'s six grid operators: U.K. Power Networks, Northern Power Grid, Scottish Power's Energy Networks division, SSE PLC's Power Distribution division, and Electricity North West.
About GBP2.1 billion has been cut from the companies' original plans after analysis by the companies and Ofgem found ways to improve value for money, Ofgem said.
The sixth company, Western Power Distribution, had its pricing plan backed by Ofgem last year.
Write to Ed Ballard at ed.ballard@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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