46QK Nat.grid3.589%�

TIDM46QK TIDM95HT

RNS Number : 1228B

OFGEM

28 January 2020

Ofgem opens investigation into National Grid and Scottish Power Transmission over delivery and ongoing operation of the Western HVDC subsea cable

Ofgem has launched an investigation into National Grid Electricity Transmission plc and SP (Scottish Power) Transmission plc for the delivery and operation of the Western high-voltage direct current (HVDC) subsea cable.

The Western HVDC is a GBP1.3 billion subsea cable that transports electricity between Scotland, Wales and England. The project was undertaken by a joint venture between National Grid Electricity Transmission and Scottish Power Transmission.

The investigation will review the performance of National Grid Electricity Transmission and Scottish Power Transmission in delivering the cable. It will consider whether its late delivery means they breached special licence condition 6I, which specifies the expected delivery date of the Western HVDC subsea cable. Additionally the investigation will consider compliance with standard licence condition D (provision of transmission services) and section 9(2) of the Electricity Act 1989 (provision of economical, efficient and co-ordinated services).

The investigation will also examine potential breaches relating to the operation of the cable.

The opening of this investigation does not imply that we have made any findings about non-compliance by National Grid Electricity Transmission or Scottish Power Transmission.

Further Information

   --      More information on the investigation has been published online. 

For media, contact

Michelle Amos: 020 7901 1881

Media out of hours mobile: 07766 511470 (media calls only)

General enquiries (non-media)

If you are an energy customer looking for help and advice, including complaints about energy firms, please see our Household gas and electricity guide. Citizens Advice also provide a free, impartial helpline service across a range of issues on 03454 040506.

We also regularly share news and post general advice to help consumers get the most out of their energy services via our @Ofgem twitter and Facebook pages. If you have an enquiry or complaint relating to Ofgem's policies or functions, contact us at consumeraffairs@ofgem.gov.uk or on 020 7901 7295.

For all other non-media related enquiries, please visit our Contact us page.

About Ofgem

Ofgem is the independent energy regulator for Great Britain. Its priority is to make a positive difference for consumers by promoting competition in the energy markets and regulating networks.

For facts, figures and information about Ofgem's work, see Energy facts and figures or visit the Ofgem Data Portal.

For energy insights and updates straight to your inbox from Ofgem, please subscribe.

Follow us on Twitter @ofgem, LinkedIn and Facebook.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

IRSQVLBLBFLXBBV

(END) Dow Jones Newswires

January 28, 2020 02:01 ET (07:01 GMT)

Nat.grid3.589%� (LSE:46QK)
Gráfico Histórico do Ativo
De Nov 2024 até Dez 2024

Nat.grid3.589%� (LSE:46QK)
Gráfico Histórico do Ativo
De Dez 2023 até Dez 2024