National Grid (NG.)

Sector:

Utilities

Index:

FTSE 100

1,048.50p
   
  • Change Today:
      1.50p
  • 52 Week High: 1,162.00p
  • 52 Week Low: 932.00p
  • Currency: UK Pounds
  • Shares Issued: 3,719.75m
  • Volume: 4,156,188
  • Market Cap: £39,002m

Households paid to cut energy usage as cold snap bites

By Abigail Townsend

Date: Monday 23 Jan 2023

LONDON (ShareCast) - (Sharecast News) - National Grid will pay some British households to use less power on Monday, the first time a new scheme will be put into practice.
The demand flexibility service, introduced to safeguard supplies and avoid blackouts, will run for an hour tonight between 5pm and 6pm. The scheme has been trialled but this is the first time it will be used in a live situation.

National Grid also said on Monday it had asked for three coal-fired generators to be warmed up in case they were needed during the cold snap.

Freezing weather is continuing to affect much of the UK, while light winds have affected wind generation.

But National Grid insisted supplies were not at risk. National Grid ESO - which operates the electricity system - tweeted: "This does mean electricity supplies are at risk and people should not be worried.

"These are precautionary measures to maintain the buffer of spare capacity we need."

The demand flexibility service, which was approved late last year by regulator Ofgem to run between 3 November 2022 and 31 March 2023, is open to customers who have smart meters and are with one of the 26 suppliers that have signed up for the scheme.

More than 1m households have signed up to the service, according to National Grid.

Customers can get discounts on bills if they use less electricity when the service is live, such as delaying using ovens or washing machines until after 6pm.

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National Grid Market Data

Currency UK Pounds
Share Price 1,048.50p
Change Today 1.50p
% Change 0.14 %
52 Week High 1,162.00p
52 Week Low 932.00p
Volume 4,156,188
Shares Issued 3,719.75m
Market Cap £39,002m

National Grid Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
67% below the market average67% below the market average67% below the market average67% below the market average67% below the market average
14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average
Price Trend
7.92% below the market average7.92% below the market average7.92% below the market average7.92% below the market average7.92% below 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
46.93% above the market average46.93% above the market average46.93% above the market average46.93% above the market average46.93% 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
36.03% above the market average36.03% above the market average36.03% above the market average36.03% above the market average36.03% 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 4
Buy 6
Neutral 5
Sell 0
Strong Sell 0
Total 15
buy
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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 26-Apr-2024

Time Volume / Share Price
17:06 882 @ 1,048.46p
16:38 3,022 @ 1,049.50p
16:38 16,664 @ 1,049.50p
16:38 1,118 @ 1,049.50p
16:35 1,785,191 @ 1,048.50p

National Grid Key Personnel

CEO John Pettigrew
CFO Andrew Agg

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