National Grid (NG.)

Sector:

Utilities

Index:

FTSE 100

1,040.00p
   
  • Change Today:
      10.00p
  • 52 Week High: 1,162.00
  • 52 Week Low: 932.00
  • Currency: UK Pounds
  • Shares Issued: 3,719.75m
  • Volume: 7,772,910
  • Market Cap: £38,685m

National Grid poised to start emergency winter plan

By Abigail Townsend

Date: Monday 28 Nov 2022

LONDON (ShareCast) - (Sharecast News) - National Grid is considering paying British households to use less energy in peak times, it emerged on Monday.
The electricity system operator's demand flexibility service (DFS) was approved by regulator Ofgem earlier this month to run between 3 November 2022 and 31 March 2023.

The scheme is intended to prevent blackouts by rewarding households and businesses that use less power at peak times. It has not been formally launched, although it has been trialled via supplier Octopus.

But on Monday, National Grid told service providers: "An anticipated DFS requirement notice has been published for tomorrow, Tuesday. This is an indication that a DFS service requirement might be published today at 2.30pm."

A number of factors are understood to be influencing the decision, including Met Office warnings of a coming cold snap, an expected fall in energy imports from France and low wind speeds.

Britain relies on imports to meet peak demand. But France's ageing nuclear power plants, run by the state-controlled EDF, have been hit by maintenance shutdowns and technical issues. Nuclear power produces the majority of France's electricity.

Low wind speeds, meanwhile, are affecting the UK's own ability to produce electricity through offshore wind.

Thousands of households with smart meters will be eligible, as long as their supplier has signed up to the service. British Gas-owner Centrica and E.ON have both signed up.

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National Grid Market Data

Currency UK Pounds
Share Price 1,040.00p
Change Today 10.00p
% Change 0.97 %
52 Week High 1,162.00
52 Week Low 932.00
Volume 7,772,910
Shares Issued 3,719.75m
Market Cap £38,685m

National Grid Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
67.64% below the market average67.64% below the market average67.64% below the market average67.64% below the market average67.64% below the market average
Sector averageSector averageSector averageSector averageSector average
Price Trend
4.64% above the market average4.64% above the market average4.64% above the market average4.64% above the market average4.64% 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
46.80% above the market average46.80% above the market average46.80% above the market average46.80% above the market average46.80% 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
32.34% above the market average32.34% above the market average32.34% above the market average32.34% above the market average32.34% 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 19-Apr-2024

Time Volume / Share Price
16:37 300,000 @ 1,040.00p
16:36 300,000 @ 1,040.00p
16:35 3,239,133 @ 1,040.00p
16:35 1,846 @ 1,040.00p
16:35 38,410 @ 1,040.00p

National Grid Key Personnel

CEO John Pettigrew
CFO Andrew Agg

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