National Grid Share Discussion Threads

[spacecake] 09/6/2014 14:50

Since Labour made energy an election issue the format of my energy bill has changed at least three times, introduction of standing charge vs twin pricing, integration of the annual discount into my monthly payments, changes to direct debit discount. The standing charge is a con, in the price is to read the meters , but they hardly ever turn out to do it. After all that I'm more confused as ever what it all means and how they come up with the price.

Single unit pricing.
A fixed itemised fee structure instead of standing charge.
No Vat. (trying to stay alive in the winter is not a luxury)
No charges or discounts for bill payment methods.
Read the meters twice a year or smart metering.

Just make it simple.

[esmerelda] 09/6/2014 12:08

No doubt the energy firms are trying to expand the scope so that it would take longer to complete and therefore they can avoid any potential penalties for a bit longer.

[pierre oreilly] 09/6/2014 09:26

I hope NGC do get to contribute to the cost visibility issue. Maybe if they gave some figures on the extra costs ngc have to expend to maintain system security and reliability in the face of a growing penetration of intermittent capacity, the total costs of windmills/solar would be better understood.

Not sure how SSE and share price owning some of the Scottish grid is relevant to NGC - probably just a journo thing!

[m100] 09/6/2014 01:20

Mickey Mouse paper I know, but caught sight of this article earlier Sunday while trying to waste a few hours in an airport lounge.



Energy firms try to drag the national grid into competition investigation over high fuel bills
By Jon Rees, Financial Mail On Sunday
Published: 22:08, 7 June 2014 | Updated: 22:08, 7 June 2014

Energy suppliers are fighting to drag the national grid into a competition investigation as they try to avoid taking the blame for high fuel bills.
National grid costs make up about £200 out of the average dual fuel bill of £1,300, the second largest single cost after wholesale energy.
A provisional study by the new Competition & Markets Authority was announced in March following a probe by regulators.

It came after energy prices were put at the centre of the political stage following promises by Labour leader Ed Miliband to freeze bills and restructure the market if the party wins next year's General Election. It is understood that some of the Big Six energy firms have called for the inclusion in the investigation of the companies that operate the national grid, which deliver electricity and gas around the country. SSE and Scottish Power own the distribution network in Scotland, but the four other major suppliers – British Gas EDF, Eon and npower – do not own such networks.

[tonio] 06/6/2014 11:11

Yes,hopefully just another blip on the steady rise since 2010.

[neddo] 06/6/2014 10:35

back to normal?

[bountyhunter] 05/6/2014 19:26

header updated with the revised Financial Timetable

[skinny] 05/6/2014 13:11

Tweaking of dates for the new T+2 settlement :-

The ex-dividend date quoted of 19 November 2014 for the interim dividend 2014/15 will be changed to 20 November 2014 to take account of the shortened dividend timetable following the implementation of T+2 settlement from 6 October 2014. This therefore also changes the scrip reference price announcement date, from 26 November to 27 November, as this is connected to the ex-dividend date.

[utyinv] 04/6/2014 19:59

Watch out for the AGM, some searching questions may be presented to the Board regarding the UKOM restructure.

[redips2] 04/6/2014 17:45

Yup, also added .

[mrphil] 04/6/2014 15:23

Just topped up, seems a good opportunity.

[mj19] 04/6/2014 14:48

Amec wins two multi-million contracts from National Grid
Jenny Forsyth
by Jenny Forsyth
June 4, 2014, 1:20am

ENGINEERING and project management company Amec has been awarded two multi-million-pound framework contracts by National Grid.

Under the agreements, which start immediately and run for four years with options to extend, Amec will work on "refurbishment and installation of overhead lines and installation of underground cables across England".

Work packages will be tendered on an individual basis, the company said.

Amec said its first success under the frameworks is to have won a multi-million pound overhead line project in the north of England. The work is for the 400kv and 275kv replacement works for the Eggborough to Monk Fryston and Monk Fryston to Padham and Bradford West overhead line schemes.

Marc Boulter, managing director of Amec's transmission and distribution business, said: "These important framework contracts build on the successful delivery of projects for National Grid Electricity and we are extremely pleased to have been awarded the first schemes to be carried out under the overhead line framework.

"Our priority now is to ensure that we deliver safely, efficiently and innovatively for this key customer

[mike24] 04/6/2014 14:17

a good buy around 800, long term
one for the kids pension pot

[bigbertie] 04/6/2014 11:33

Skinny 3142 - yes, that graph shows comparison with 2013 perfectly. But who knows - the market may have more appetite for "safe" shares now than it did a year ago?

[huntie2] 04/6/2014 11:22

......and another top up for me....

[lab305] 04/6/2014 11:15

Bought a few more this morning.

[skinny] 04/6/2014 10:46

RBC Capital Markets Outperform 835.25 877.50 925.00 925.00 Reiterates

[skinny] 04/6/2014 10:41

BigBertie - the longer trend.

[bigbertie] 04/6/2014 10:25

the graph in the header shows that after final ex-dividend date in 2013 the share price fell to meet the lower moving averages. if this is repeated this year, we are heading for somewhere round 800p

[skinny] 04/6/2014 10:04

Lord Gnome - you maybe right - I (hopefully) drew this earlier.

[pierre oreilly] 04/6/2014 10:03

And no I'm not short, but wouldn't minded have being over the last couple of days!

[skinny] 04/6/2014 10:03

Pierre - MAM has it down 41.75p at present.

[lord gnome] 04/6/2014 10:01

Chartwise this could go all the way down to 810 before it hits bottom. It does tend to do this now and again. I wish I could learn to trade it.

[skinny] 04/6/2014 09:57

Its down 42.50p!

Or are you short?