National Grid today welcomed the announcement by the Department of Energy and Climate Change on the next stage of the electricity market reform.
As part of the proposals, National Grid’s system operator business will work with government, the regulator and the industry to deliver the capacity mechanisms and the feed in tariffs with contracts for difference (FiT CfD).
Responding to the DECC announcement, National Grid’s executive director, Nick Winser, said: “We welcome today’s announcement and look forward to playing our part in delivering government policy on EMR. There is still a lot of work to do, but we believe we are well placed to deliver these changes that will help provide secure and reliable energy supplies into the future.”
-ENDS-
National Grid media contacts:
Chris Mostyn - T: 020 7004 3149 E: chris.mostyn@ngrid.com
Gemma Stokes - T: 01926 655272 E: gemma.stokes@uk.ngrid.com
Isobel Rowley - T: 01926 655275 E: isobel.rowley@uk.ngrid.com
Graham Mcquarrie - T: 01926 655273 E: graham.mcquarrie@uk.ngrid.com
Notes to editors:
About National Grid:
National Grid (LSE: NG; NYSE:NGG) is an electricity and gas company that connects consumers to energy sources through its networks.
In Britain, we run the gas and electricity systems that our society is built on, delivering gas and electricity across the country. In the North Eastern US, we connect more than seven million gas and electric customers to vital energy sources, essential for our modern lifestyles.
National Grid in the UK:
• We own the high-voltage electricity transmission network in England and Wales, operating it across Great Britain
• We own and operates the high pressure gas transmission system in Britain
• Our gas distribution business delivers gas to 11 million homes and businesses
• We also own a number of related businesses including LNG importation, land remediation and metering
• National Grid manages the National Gas Emergency Service free phone line on behalf of the industry - 0800 111 999 (all calls are recorded and may be monitored).
• More information at www.nationalgrid.com/uk
• Images available at www.flickr.com/photos/national_grid/sets/