Britain’s grid operator, National Grid has secured an extra 2.56GW of electricity in order to cover potential demand during winter 2015/16. This reserve of electricity is estimated to cost around £36.5 million or 50p per year on the electricity bill of an average customer.
National Grid is an international electricity and gas company, who are based in the UK and northeastern US. They play a crucial role in connecting millions of people safely and reliably, as well as efficiently to the energy they use.
Reliable piping and flexible hose connectors are used for the domestic gas supply in the UK, which is systematically being renewed. All hose assemblies and equipment requires specific inspection and a strict testing regime to National Grid regulations.
In order to deliver enough electricity to households and businesses across the UK efficiently, planning for subsea power links to Belgium and Norway have been put in motion. Consumers are expected to benefit from these potential power links, which could deliver cheap wholesale electricity to British households and businesses.
These new lines are set to be part funded by National Grid, which is in response to an increase in concern at the UK’s falling electricity generating capacity and the risk of blackouts in the future. The FTSE 100 Company is responsible for delivering electricity across the UK, and they are backing very similar plans for additional links with Denmark and France.
These plans are expected to lead to lower wholesale prices, increase the UK’s ability to transmit power to and from the continent and create a reliable and efficient source of electricity for millions of households.
National Grid continues to connect customers to vital energy sources in efficient ways, and they have very recently been ranked 29th out of 500 of the world’s largest publicly-traded companies globally, for the Top Green Companies in the World 2015.