Apr 2, 2017

National Grid calls for its own storage

National Grid, the operator of the UK's electricity system, is pressing for a rule change that would allow it to own storage, one of the key technologies that will help Britain keep the lights on in future. Under current rules, National Grid and also distribution network operators - which own and maintain electricity cables locally - are not allowed to expand into storage as it is seen as a "Generation" activity. Both National Grid and UK Power Networks - a company owned by Hong Kong billionaire Li Ka-shing's Cheung Kong group - are pressing for a regulatory shift that would allow them to own storage to help manage the system better. John Pettigrew, National Grid chief executive, has also made clear the FTSE 100 company is interested in owning its own storage capacity. Ofgem, Britain's energy market regulator, has also said in the past that allowing networks to own their own storage "Might stifle development of competition in the market".

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