National Grid Share Discussion Threads

[beckers2008] 02/6/2020 10:54

PO,

Totally agree and understand the techicalities of supply/demand and consequential associated costs.
All the more reason why OFGEM should reward NG. with an acceptable ROI %!
They are penalising NG. at every turn and driving investment out of the UK into the arms of the USA and this will continue, hopefully on an increasing basis.

[pierre oreilly] 02/6/2020 10:23

Beckers, not sure if you follow the causes and effects of powercuts, but recently another unappreciated problem specific to solar was indicated (This is in addition to the very well known problems of intermittency and the very expensive measures ng has to take to handle it).

It's becoming clear that generation embedded in local networks (i.e. home solar) is becoming a factor in severity of power cuts, should one occur. It's probably been unappreciated due to the low penetration of local network solar, but the disconnection of home solar from the local grid on any disturbance with possible reconnection a few minutes later presents new problems in reconnection to the hv grid (probably due to net demand being more than expected due to the non availability at reconnection of the embedded solar. It's a new phenomenum, still being investigated afaiia, which ng will get a solution for one way or the other, but that solution will come at additional cost of course.

Yet a further problem is that currently, at times, there's a danger of pure intermittent supply (basically uncontrollable wind plus solar) can be greater than the current low demand. The solution appears to be to simply instruct some solar and or wind to disconnect from the network/grid to protect the integrity of the whole grid - again, these are measures with very expensive consequences for consumers. I hope you're not under the impression that wind/solar is cheap, let alone free. Once the measures necessary to handle solar and wind are taken into account, they are very expensive indeed.

[utyinv] 02/6/2020 08:16

Bounty,

The calendar at the head of this bb is out of date:

Results 18th June
Ex-divi. 2nd July
Rec date. 3rd July
Divi paid 19th Aug

[beckers2008] 31/5/2020 13:41

PO,

Compared to the USA, the UK's green investment is pitiful, i thought you would agree to that.
Also NG. ROI in US compared with UK is more than 4%, no wonder NG.are investing more in the US year after year. Long may it continue unless OFGEM is gonna stop penalising NG.

[pierre oreilly] 31/5/2020 13:12

I'm not sure where you thought i said solar investment was pitiful .... suggest you read it again.

Afaiia, ofgem ensure all windfarms being built here, there and everywhere are connected to the grid in a timely manner, by ng. That to my mind at least, is a massively expensive dish being brought to the green table. While the capex on the grid extensions is good for ng's business, I would bet my bottom dollar that many at ng wish such capex could go to more efficient methods of distributing energy, both good for ng and good for the consumer.

[beckers2008] 31/5/2020 10:32

PO,

Agreed the UK Gov investment in solar is pitiful.
OFGEM regulate the hell out of NG. but don't seem to bring anything to the green table.
They are just a tunnel vision civil service organistion that react not proact.
NG. continuing to invest more in the USA increasing turnover vs UK.

[pierre oreilly] 31/5/2020 09:07

I'm not sure ofgem invest in anything. As to government inspired solar schemes, the fit scheme left consumers picking up a tab for intermittent solar energy at an inflation linked cost for 25 years of currently £1.15p/kWh (approx, at 50% export). That's about 15 or 20 times a usual generation cost.Maybe that has something to do with solar investment at a lower rate than you hope?.

[utyinv] 26/5/2020 15:04

GrowthPotential,

Long term prospects IMO are good. When the economy improves NG will benefit. When Electric vehicles become more common NG likely to benefit ( involved in infrastructure build).

When the US economy recovers NG will benefit.

Although results were delayed from May to Mid June there hasn’t been any negative news yet regarding the final divi, usually paid second week in Aug.

If it isn’t reduced expect 32p / share.

IMV One to have Long Term in your portfolio.

[growthpotential] 24/5/2020 19:05

new potential investor here, these worth a punt for buy and hold?

[beckers2008] 23/5/2020 16:13

Yet another OFGEM decision will stress why NG. should only carry out regulated work for them and reduce exposure and the high risk for little reward that goes with working for OFGEM.
The US success story will continue and with it, NG. who will continue to invest more for a fair ROI compared to the pitiful ROI in the UK.

Strange at one point on Friday that the share price was down circa 4% on news that OFGEM will be penalising NG. £60 million, 20 million less then the market first thought. The market repaid NG. by taking circa £1.2 billion off the share price, strange times indeed!

[m100] 23/5/2020 11:57

The answer to this 'final decision' ? Immediately hand the entire scheme over to those 'experts' at OFGEM and let them try and deliver the project. When they fail, laugh uncontrollably.

[utyinv] 23/5/2020 11:36

I see Ofgem yesterday made their final decision on what National Grid claims the Hinkley-Seabank transmission connection will cost.

Ofgem have cut £60million from NG’s declared costs it would incur and what it would be entitled to reclaim through bills over 40 years.

Ofgem obviously thinks NG is a charity! Trying to get a name for itself as a champion of customers. Ruin NG U.K. and customers suffer. Who could blame NG from investing in the US where there is a greater return on capital spent and a level playing field where business and profit is welcome.

[newbank] 20/4/2020 16:20

Phillis,

As Uty has inferred, NG will not be impacted as much as other companies IMV. You quote the US. But US citizens are being given money by the Government too. Before and during the Election when the Marxists were threatening to Nationalise the best British success story in business for many years (that's why they wanted it), NG were given unquoted promises of support from the US President. When Trump visited the UK he met with 8 prominent CEO's from a variety of Industries and John Pettigrew was one of them.

The American success story will once again bounce back and NG will be in a prime position to benefit from it.

[utyinv] 20/4/2020 16:03

Can’t see how NG will be impacted as much as other companies. People are still using electricity and Gas to heat homes.
Don’t forget, although factories are closed (not all), the normal situation is that people use electricity and gas from the restaurants, going to work and keeping warm whilst at work, utilising electricity whilst at work all at the company’s expense. A whole office of 40+ people using the energy that makes the office run. That is in contrast to millions stuck in their homes having to use energy to heat and light and power the television, power the kettles etc etc.
People are getting 80% of their salaries ( in some cases 100%), to ensure they pay their food and energy bills.

Too many people believe the furloughed system is like an extended holiday, it isn’t.

Many essential services are still working but the majority of the populous are at home with 2 or 3 or maybe 4 people, having to use their own energy to heat the house. People shouldn’t moan though, as they don’t have to pay for travel, don’t have to pay for their coffees, pub lunches etc so they should have plenty money to pay for priorities like food, energy and mortgage /rent commitments.
Holidays, buying more clothes ( much of which is manufactured abroad), bigger cars and parties are not priorities.

[pierre oreilly] 20/4/2020 13:51

Yes, I read English, even unpunctuated puerile English with meaningless content. I didn't say or ask whether your post was about every other ftse company, I asked if you were being sarcastic.

[phillis] 20/4/2020 13:42

dont you read english?
my post isnt about every other ftse company

[pierre oreilly] 20/4/2020 13:38

Eh? Sure ng.'s business is impacted a bit, but I'd say every other ftse company has been impacted many times more. Or was your post meat to be sarcastic or something?

[phillis] 20/4/2020 11:58

i have turned bearish on this
Demand for electricity way down
Potential for bad debts with US consumers

Divi at risk?

[gateside] 08/4/2020 09:00

buywell thinks wrong

[pierre oreilly] 08/4/2020 08:47

Buywell, having read many of buywell's posts, usually with buywell declaring new buywell 'calls' with no reasoning whatsoever, I think when buywell thinks something, the thoughts are pretty well worthless. Buywell seems to think a lot about things buywell knows little or nothing about in my view. Still, buywell is welcome to buywell's views about things buywell knows nothing about. imv.

[buywell3] 08/4/2020 08:39

Possible full nationalization for NG. buywell thinks

The Government will IMO have to pump cash into many indebted FTSE 100 stocks

Taking a stake in so doing

If the COE times it right he should be able to get some good deals for the taxpayer

I hope he understands DOW Theory

dyor

[wins73] 03/4/2020 12:09

Is this a double top forming?