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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  National Grid plc    NG.   GB00BDR05C01

NATIONAL GRID PLC

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Britain's National Grid expects tight power margins over next few days

11/25/2020 | 11:37am EST
FILE PHOTO: Migrating starlings fly at dusk past electricity pylons silhouetted by the sunset of a clear autumn evening in the Kent countryside,  in Graveney, Britain

LONDON (Reuters) - Britain's National Grid expects tighter power margins for the next few days owing to variable renewables generation, colder temperatures and higher demand, it said on Twitter.

"This combination of factors means the cushion of spare capacity we operate the system with has been reduced. We're exploring measures and actions to make sure there is enough generation available to increase our buffer of capacity," the grid operator said.

It said it would give an update on the situation later on Wednesday.

National Grid is responsible for ensuring supply and demand are balanced in Britain's energy systems. Last month it forecast a lower surplus power margin for this winter than in some previous winters.

The grid operator has made a few electricity margin notices in recent weeks and typically calls upon suppliers to make extra generation capacity available at short notice to counter a tight system.

The grid has a number of tools to help balance supply and demand and paid power producers such as nuclear generator EDF to reduce output over the summer when demand was weak.

(Reporting by Nina Chestney and Nora Buli; Editing by Catherine Evans and David Goodman)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ELECTRICITÉ DE FRANCE -0.60% 12.375 Real-time Quote.-4.03%
ENGIE -1.66% 13.615 Real-time Quote.8.75%
NATIONAL GRID PLC 0.34% 875 Delayed Quote.1.20%
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Financials
Sales 2021 14 995 M 20 373 M 20 373 M
Net income 2021 1 840 M 2 500 M 2 500 M
Net Debt 2021 31 192 M 42 377 M 42 377 M
P/E ratio 2021 16,6x
Yield 2021 5,66%
Capitalization 31 069 M 42 232 M 42 211 M
EV / Sales 2021 4,15x
EV / Sales 2022 4,23x
Nbr of Employees 23 069
Free-Float 92,9%
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Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 1 016,68 GBX
Last Close Price 875,40 GBX
Spread / Highest target 37,1%
Spread / Average Target 16,1%
Spread / Lowest Target -8,61%
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Managers and Directors
NameTitle
John Mark Pettigrew Chief Executive Officer & Executive Director
Peter Oliver Gershon Chairman
Paula Rosput Reynolds Chairman-Designate
Andrew Jonathan Agg Chief Financial Officer & Executive Director
Adriana Karaboutis Group Chief Information & Digital Officer
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