National Grid Share Discussion Threads

[bountyhunter] 01/6/2024 15:58

Tidal energy would be more reliable but that doesn't seem to have progressed much, or the windmills could pump water uphill to be released when needed to produce hydro electricity. There's already at least one project like this in operation albeit not using windmills!



In total there are four operational PSH plants in the UK already:

Dinorwig (1983) 1.7 GW, 10.4 GWh
Foyers (1974) 300 MW, 6.4 GWh
Ffestiniog (1963) 360 MW, 7.6 GWh
Cruachan (1966) 440 MW, 7.6 GWh

There is a considerable pipeline of projects at various stages of development with a potential of 6.9 GW installed capacity giving 135 GWh of storage.

[1carus] 01/6/2024 14:25

Pierre, you also forgot that that can use battery storage to capture unused wind energy, so they can use that energy (sorry voltage) to power the windmills when the wind isnt blowing!

[laurence llewelyn binliner] 01/6/2024 12:10

Buying the rights at 645 pence and missing 1 dividend on them looked the way to go IMO, recover our position as best we can and keep them all for another 5/10 years inside the ISA..

An accidental PF weighting but damage limitation while looking to the long term is the key as I see it..

[bountyhunter] 01/6/2024 12:05

Pierre, you forgot to mention that those giant windmills will be coated with solar panels and on huge floating platforms in the Severn estuary to also harness tidal power! All connected to Europe and New York (which will have the same) with the new NG NZ infrastructure.
Oh and each one will have a giant flashing shouting scarecrow at the top!

[pierre oreilly] 01/6/2024 12:02

I'm taking up my rights in full after a lot of consideration.

On Friday I decided to sell my rights and was going to buy shares in order to get the next divi (as anhar did). But because the rights are in an isa, they aren't tradeable (so idealing said). So I couldn't do what i wanted.

So taking up rights, putting ng. back on a par with lloyds, m&g, lgen as the big holdings in my portfolio. Then they don't need to be touched, neither sold or more bought, for me for decades or until i drop. So I won't be watching the price for a few months (while there'll be volitility both up and down i expect).

[laurence llewelyn binliner] 01/6/2024 11:52

#Pierre Oreilly, a busy week for NG holders coming up with their own strategy aka damage limitation but now over the shock of the RI and the discount, taking up the 645 pence rights and adding looked the way to play it, I have 85% of my target holding now and will add the rest post XD and see where I end up, so far improving on my average buy price from 2019, so it has played out alright here, but more recent buyers would most likely be more cheesed off..

[bargainsniper] 01/6/2024 11:07

Could Labour's 'Great British Energy Company' be their vehicle to extract money from the tax payer to Nationalise the industryCannot be trusted

[laurence llewelyn binliner] 01/6/2024 11:02

The push for green energy will in the least present opportunities to generate connectivity fees for NG, and transit fees for the energy distributed on the network..

The reality is that green energy costs a fortune to make with un-recyclable windmill blades that are currently just getting buried after their life hours run out..

Nuclear/Gas has to be the backbone of our resources, scratching at the edges with solar and windmills, but that is where we are heading making the country less competitive for manufacturers of everything and anything, with residential costs only going 1 way too..

NG should do well which ever way it pans out owning all the infrastructure so should be a relatively safe place to invest, with the caveat of a nationalisation risk now present if/when Labour get the keys to No10..

[lippy4] 01/6/2024 10:32

when you consider the amount of oil used to make the huge turbines and the oil needed to lubricate the working parts plus the amount used to make solar panels.

dont forget the huge amounts of gasoline needed for the machinery to erect and create all these wonderful green energy plants..

its just another case of making this country poorer while showing the world how to do it by leaders who have no idea that there has to be a balance to protect the economy while other countries take our trade..

[kibes] 01/6/2024 09:40

Despite all the hype, I don't believe that wind energy is cheap. And even at today's very high domestic electricity prices, energy giant Vattenhall decided not to pursue a giant wind farm off the coast of Norfolk, losing $500 million in the process, on the grounds that it was 'not economic'. In fact energy prices will have to remain very high for wind farms to be viable it seems. This is going to be a big drag on the British economy which has to pay far higher energy prices than the US for example. The numbers will be fudged for clueless politicans like Ed Miliband to spin of course but the bottom line is wind energy and net zero are completely daft ideas which will leave Britain uncompetitive. The answer is either gas or nuclear. However, at least National Grid should do well enough while the net zero fantasy plays out slowly against a backdrop of high prices and misinformation.

[dexdringle] 01/6/2024 09:14

🤣🤣👏👏8079;

[pierre oreilly] 01/6/2024 09:08

'We are proposing giant eco windmills, each generating 500 milliwatts of voltage' labour's eco technical expert said. 'That's enough to power 100% of UK households and sell spare to Europe and beyond. We have fans positioned in front of each windmill which will automatically turn on when the wind isn't blowing thus solving the perceived interconnectivity problem'.

[bountyhunter] 01/6/2024 08:44

"Labour has pledged to bring in a green electricity system by 2030 – five years ahead of the timeline promised by the Conservatives.

Its flagship project is Great British Energy, a publicly owned energy company that will invest in renewables in conjunction with the private sector.

At first, GBE will focus on newer technologies such as tidal power, and a £3 billion local power plan that will invest in community energy projects."

That makes sense, just put in tidal power in 2025 and then put up a few extra windmills, I guess that should do the job! 😉

"A vanity project", that sounds about right!

[bountyhunter] 01/6/2024 08:33

£3 trillion!!!!!!!!!!!!!!!!!!!!!!!!!
That makes me concerned there may be more rights issues and not in a decade time, not just here but elsewhere as well. Potentially more "windfall" taxes as well that last indefinitely! The banks are the next likely target for those then we will all end up paying more for banking.

[philanderer] 31/5/2024 23:16

The Telegraph

What is Great British Energy? Labour’s flagship policy explained

[1carus] 31/5/2024 20:04

I've not bought in here yet but still good value I think. In some ways glad to see a recovery for those of you that have been in this for the long haul.

[pander45] 31/5/2024 18:33

No plan or ideas from Labour. Starmer trying to wing his way through on a less is more approach knowing full well if he opens his mouth too much or goes off script Labour will be absolutely crucified. Devious.

[berny3] 31/5/2024 15:18

As far as I can see Labour is going to establish a private equity fund using tax payers money investing in private businesses who are putting up green solutions to energy.

Looks a very expensive sketchy plan.