National Grid (NG.)

Sector:

Utilities

Index:

FTSE 100

1,112.50p
   
  • Change Today:
      11.00p
  • 52 Week High: 1,162.00
  • 52 Week Low: 932.00
  • Currency: UK Pounds
  • Shares Issued: 3,721.35m
  • Volume: 4,670,048
  • Market Cap: £41,400m

UK Grid prepares to pay cos cash to cut power use this winter - report

By Frank Prenesti

Date: Thursday 30 Jun 2022

LONDON (ShareCast) - (Sharecast News) - National Grid is asking UK companies how much electricity demand they will be able to cut next winter to help keep the lights on, Bloomberg reported, citing documents.

The network manager sent a request to some firms last week, asking for details and how much they would need to be paid to reduce operations, the report stated.

National Grid is exploring all options available to avoid blackouts this winter as the gas crisis threatens security of supply across Europe. Britain relies on the fuel for more than a third of its power generation, which would be at risk if Russian flows to Europe stop and stores run dry.

"To establish the viability of a commercial national demand service, the Electricity System Operator would like to know the likely megawatt volume suppliers could aggregate," National Grid said in the document.

A service is also being worked on for households to receive payments for reducing electricity use at peak times. This would be available to 27.8 million homes and small business with smart meters.

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National Grid Market Data

Currency UK Pounds
Share Price 1,112.50p
Change Today 11.00p
% Change 1.00 %
52 Week High 1,162.00
52 Week Low 932.00
Volume 4,670,048
Shares Issued 3,721.35m
Market Cap £41,400m

National Grid Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
67.7% below the market average67.7% below the market average67.7% below the market average67.7% below the market average67.7% below the market average
42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average
Price Trend
13.81% above the market average13.81% above the market average13.81% above the market average13.81% above the market average13.81% above the market average
71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average
Income
45.04% above the market average45.04% above the market average45.04% above the market average45.04% above the market average45.04% above the market average
50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average
Growth
37.85% above the market average37.85% above the market average37.85% above the market average37.85% above the market average37.85% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average

What The Brokers Say

Strong Buy 3
Buy 6
Neutral 5
Sell 0
Strong Sell 0
Total 14
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

National Grid Dividends

  Latest Previous
  Interim Final
Ex-Div 23-Nov-23 01-Jun-23
Paid 11-Jan-24 09-Aug-23
Amount 19.40p 37.60p

Trades for 09-May-2024

Time Volume / Share Price
17:10 1,270 @ 1,103.61p
16:49 473 @ 1,112.50p
16:37 496 @ 1,112.61p
16:35 2,120,235 @ 1,112.50p
16:35 8,350 @ 1,112.50p

National Grid Key Personnel

CEO John Pettigrew
CFO Andrew Agg

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