May 17, 2018

National Grid plans green super highway

National Grid is moving ahead with plans for a fleet of superfast charging points for electric vehicles along Britain's motorways that would feed directly off the electricity transmission network, according to its chief executive. Mr Pettigrew was speaking as National Grid reported underlying profits for the past year had risen 4 per cent to £2.68bn, boosted by a strong performance in its North American business. Shares in National Grid were up 2.6 per cent to 854p in early afternoon trading. National Grid is also in separate discussions with Ofgem about the rate of return it can earn from connecting the Hinkley Point nuclear power station to the electricity network. National Grid could appeal to the Competition and Markets Authority or launch a judicial appeal if it is unhappy at the final outcome.

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