National Grid (NG.)

Sector:

Utilities

Index:

FTSE 100

1,009.00p
   
  • Change Today:
    -0.50p
  • 52 Week High: 1,056.00p
  • 52 Week Low: 838.40p
  • Currency: UK Pounds
  • Shares Issued: 4,892.26m
  • Volume: 1,283,104
  • Market Cap: £49,363m
  • Beta: 0.02

Heathrow had enough power capacity during outage - National Grid CEO

By Josh White

Date: Monday 24 Mar 2025

LONDON (ShareCast) - (Sharecast News) - National Grid's chief executive said over the weekend Heathrow Airport had sufficient electrical capacity to remain operational during Friday's fire-related power outage, intensifying questions over the airport's decision to close for nearly 18 hours.
The disruption grounded around 1,300 flights, affecting more than 200,000 passengers and costing the airline industry an estimated £60m to £70m.

John Pettigrew, CEO of National Grid, said that while the fire at the North Hyde substation was unprecedented, two other substations serving Heathrow remained fully functional and were capable of individually supplying the airport with the necessary power.

"There was no lack of capacity from the substations," he told media on Sunday, adding that the decision to shut down operations was "a question for Heathrow".

Heathrow officials maintained that the closure was necessary due to the complexity of reconfiguring its internal power systems.

The fire damaged all three transformers at the North Hyde site, including a backup unit located further from the source of the blaze.

Although alternative substations were available, Heathrow said safely switching over and rebooting hundreds of critical systems - ranging from baggage handling to air bridges - required a full power-down and methodical restart.

The airport's CEO, Thomas Woldbye, described the situation as "major" and "unprecedented", emphasizing that Heathrow's backup generators were only designed to support safety-critical systems, not full operations.

He also defended the airport's response, arguing that few, if any, airports could instantly recover from such a failure.

Airlines had voiced frustration over the weekend, with some executives suggesting the shutdown might have been unnecessarily prolonged.

Several noted that systems in certain terminals appeared functional by early Friday afternoon, and questioned whether partial operations could have resumed sooner.

British Airways, Heathrow's largest carrier, expressed concerns over the airport's resilience and response, with CEO Sean Doyle promising to seek "urgent assurances".

The incident triggered a government-ordered investigation led by the National Energy System Operator.

Transport secretary Heidi Alexander acknowledged the airport's need to reset key systems, but said the review would explore the broader implications for national infrastructure resilience.

The fire, which ignited 25,000 litres of transformer cooling oil, remained under investigation on Monday.

While counter-terrorism police initially led the probe, the fire was not believed to be suspicious, and the London Fire Brigade had since taken over.

At 0926 GMT, shares in National Grid were down 0.1% at 980.8p.

Reporting by Josh White for Sharecast.com.

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National Grid Market Data

Currency UK Pounds
Share Price 1,009.00p
Change Today -0.50p
% Change -0.05 %
52 Week High 1,056.00p
52 Week Low 838.40p
Volume 1,283,104
Shares Issued 4,892.26m
Market Cap £49,363m
Beta 0.02

National Grid Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
48.26% below the market average48.26% below the market average48.26% below the market average48.26% below the market average48.26% below the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average
Price Trend
32.96% above the market average32.96% above the market average32.96% above the market average32.96% above the market average32.96% 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
46.54% above the market average46.54% above the market average46.54% above the market average46.54% above the market average46.54% above the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average
Growth
2.13% above the market average2.13% above the market average2.13% above the market average2.13% above the market average2.13% 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 6
Buy 8
Neutral 2
Sell 0
Strong Sell 0
Total 16
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 21-Nov-24 06-Jun-24
Paid 14-Jan-25 19-Jul-24
Amount 15.84p 39.12p

Trades for 31-Mar-2025

Time Volume / Share Price
12:02 4 @ 1,009.50p
12:02 0 @ 1,009.50p
12:02 1 @ 1,009.00p
12:01 7 @ 1,009.50p
12:01 35 @ 1,009.25p

National Grid Key Personnel

CEO John Pettigrew
CFO Andrew Agg

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