Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. United Kingdom
  4. London Stock Exchange
  5. National Grid plc
  6. News
  7. Summary
    NG.   GB00BDR05C01

NATIONAL GRID PLC

(NG.)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

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

04/08/2021 | 02:29am EDT

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

04-08-21 0429ET

All news about NATIONAL GRID PLC
04/14NATIONAL GRID  : Bills, Sabres Partnerships Aiding First Responders
PU
04/14European ADRs Move Higher in Wednesday Trading
MT
04/14NATIONAL GRID  : Rhode Island Earns 2021 ENERGY STAR® Partner of the Year - Sust..
PU
04/14NATIONAL GRID  : More than $1.3 Million in National Grid Economic Development Gr..
PU
04/14NATIONAL GRID  : Fitch Affirms, Withdraws National Grid's F3 Short-Term Rating
MT
04/08NATIONAL GRID  : to Pay $2 Million to UK's Energy Regulator Over Electricity Dem..
MT
04/08FTSE 100 ends higher as miners track gains in commodity prices
RE
04/08National Grid settles with watchdog over electricity demand forecasts
RE
04/08National Grid Failed to Provide Accurate, Unbiased Power Demand Forecasts in ..
DJ
04/08NATIONAL GRID  : Flags Rise in Peak Summer Demand for Electricity
MT
More news
Financials
Sales 2021 14 926 M 20 644 M 20 644 M
Net income 2021 1 830 M 2 532 M 2 532 M
Net Debt 2021 30 809 M 42 612 M 42 612 M
P/E ratio 2021 17,2x
Yield 2021 5,50%
Capitalization 32 024 M 44 261 M 44 293 M
EV / Sales 2021 4,21x
EV / Sales 2022 4,45x
Nbr of Employees 23 069
Free-Float 92,9%
Chart NATIONAL GRID PLC
Duration : Period :
National Grid plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends NATIONAL GRID PLC
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 17
Average target price 994,86 GBX
Last Close Price 902,30 GBX
Spread / Highest target 27,0%
Spread / Average Target 10,3%
Spread / Lowest Target -11,3%
EPS Revisions
Managers and Directors
NameTitle
John Mark Pettigrew Chief Executive Officer & Executive Director
Andrew Jonathan Agg Chief Financial Officer & Executive Director
Peter Oliver Gershon Chairman
Paula Rosput Reynolds Chairman-Designate
Adriana Karaboutis Group Chief Information & Digital Officer
Sector and Competitors
1st jan.Capitalization (M$)
NATIONAL GRID PLC4.31%44 261
ELECTRICITÉ DE FRANCE-7.10%44 474
SEMPRA ENERGY8.02%41 816
ENGIE-0.94%35 905
PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED8.66%31 998
E.ON SE8.57%30 737