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National Grid Plc (NG.)
National Grid Plc (NG.) News

NG. National Grid Plc

1,050.50

3.50 (0.33%)

Last Updated: 15:20:57

Delayed by 15 minutes

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
National Grid Plc	LSE:NG.	London	Ordinary Share	GB00BDR05C01	ORD 12 204/473P

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	3.50	0.33%	1,050.50	1,050.50	1,051.00	1,055.50	1,047.00	1,052.00	1,814,572	15:20:57

Industry Sector	Turnover	Profit	EPS - Basic	PE Ratio	Market Cap
Combination Utilities, Nec	24.25B	7.8B	2.1140	4.98	38.82B

National Grid Failed to Provide Accurate, Unbiased Power Demand Forecasts in 2017, Watchdog Finds

08/04/2021 9:44am

Dow Jones News

National Grid (LSE:NG.)
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From Apr 2019 to Apr 2024

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By Jaime Llinares Taboada

National Grid Electricity System Operator failed to provide accurate and unbiased demand forecasts in 2017, U.K. energy watchdog Ofgem said Thursday.

The British system operator, which is owned by National Grid PLC, didn't meet its obligation of providing seven-day-ahead power-consumption projections during a number of months in 2017, and it didn't have adequate controls in place to prevent this happening, Ofgem said.

As a result of Ofgem's findings, NGESO will pay 1.5 million pounds ($2.1 million) into Ofgem's voluntary redress fund.

In January 2021, Ofgem recommended separating the electricity system operator from National Grid to avoid potential conflicts of interest.

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

(END) Dow Jones Newswires

April 08, 2021 04:29 ET (08:29 GMT)