Today we’ve submitted our final RIIO-2 business plan for electricity and gas transmission to our regulator, Ofgem. Our plan reflects the vital input we received from the biggest ever consultation with the public and stakeholders. We spoke to thousands of home and business customers to help us develop plans that ensure we deliver the energy system they want and need.
National Grid’s CEO John Pettigrew said: “The scale and potential impact of the climate crisis has never been more real. At National Grid, we know we have a critical role in the acceleration towards a cleaner future and are committed to playing our part.
Imagine a United Kingdom that leads the world in driving a clean economy. A vibrant future that is clean, green and thrives with nobody left behind. It is a future we believe in at National Grid, but one that requires significant change and immediate action. The UK is already a world leader on climate change – exporting technology, transformational engineering and know-how globally.
Affordable Warmth Solutions (AWS) a not-for-profit company runs the Warm Homes Fund on behalf of National Grid, installing affordable heating solutions in fuel poor households who do not use gas as their primary heating.
It’s vital to act now to combat climate change and this urgency is reflected by the UK’s move to become the first major country to put ‘net zero’ targets into legislation. National Grid is working hard to maximise the role we play in the country’s drive to decarbonisation and our interconnectors – undersea cables that allow us to exchange surplus electricity with neighbouring countries – are crucial to the switch to greener energy.
The days when burning coal to generate energy was the worst offender for greenhouse gas emissions are over. In 2019, for the first time since the Industrial Revolution, more of Britain’s electricity will come from zero carbon energy sources than fossil fuels. This shift to renewables like solar, hydro and wind means that energy generation has been overtaken by transport when it comes to carbon emissions.
National Grid Partners – the venture capital and innovation arm of National Grid Ventures – sees the value in this technology to help lead the way in the energy industry and has recently invested in AI specialist SparkCognition.
As winter approaches, major work is going on hold at the Portbury Wharf Nature reserve near Portishead. Between September and April, all core construction work will stop to minimise disturbance to the many wintering birds who make the reserve their home.