National Grid plc
Formerly |
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Company type | Public limited company |
ISIN | GB00BDR05C01 |
Industry | Utilities |
Predecessor | Central Electricity Generating Board |
Founded | 1990London | in
Headquarters | London, England, UK |
Key people |
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Products |
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Revenue | £21.659 billion (2023) |
£4.294 billion (2023) | |
£7.797 billion (2023) | |
Total assets | £92.697 billion (2023) |
Total equity | £29.562 billion (2023) |
Number of employees | 31,275 (2023) |
Website | www.nationalgrid.com |
National Grid plc is a British multinational electricity and gas utility company headquartered in London, England. Its principal activities are in the United Kingdom, where it owns and operates electricity and natural gas transmission networks, and in the Northeastern United States, where as well as operating transmission networks, the company produces and supplies electricity and gas, providing both to customers in New York and Massachusetts.
National Grid plc is one of the largest investor-owned utility companies in the world; it has a primary listing on the London Stock Exchange where it is a constituent of the FTSE 100 Index, and a secondary listing in the form of its American depositary receipts on the New York Stock Exchange.
Before 1990, both the generation and transmission activities in England and Wales were under the responsibility of the Central Electricity Generating Board (CEGB). The present electricity market in the United Kingdom was built upon the breakup of the CEGB into four separate companies in the 1990s.
Its generation (or upstream) activities were transferred to three generating companies — PowerGen, National Power, and Nuclear Electric (later British Energy, eventually EDF Energy)—and its transmission (or downstream) activities to the National Grid Company.
Big Six
[change | change source]Supplier | Customers in the UK | Parent |
---|---|---|
British Gas | 20 million (business and domestic) | Centrica |
SSE | 9.6 million | SSE Group |
Npower | 6.5 million (business and domestic) | RWE |
EDF Energy | 5.7 million (domestic) | EDF |
Eon UK | 5.3 million | Eon |
Scottish Power | 5.2 million | Iberdrola |