National Grid: Ofgem Proposals 'a Step in the Right Direction'

Datum : 15/03/2019 @ 08h49
Quelle : Dow Jones News
Name : National Grid (NG.)
Kurs : 886.3  -0.1 (-0.01%) @ 17h35
National Grid share price Chart

National Grid: Ofgem Proposals 'a Step in the Right Direction'

National Grid (LSE:NG.)
Historical Stock Chart

1 Monat : Von Feb 2019 bis Mär 2019

Click Here for more National Grid Charts.
   By Ian Walker 
 

National Grid PLC (NG.LN) said Friday that the RIIO-T2 price-control proposals from energy regulator Ofgem are a step in the right direction, but that it still has concerns.

The company said the proposals as currently set out won't bring the changes consumers need.

"Our vision is of an energy future where bills are kept low for consumers, energy is decarbonized, innovation is encouraged and which together support the growth and prosperity of the UK economy," National Grid said.

Late last year Ofgem said that it intends to set baseline returns to shareholders at 4% for the next regulatory period from 2021, about half the previous limit. This is at the bottom end of previous guidance in March 2018, when the regulator said it would propose a range of between 4% and 6%.

Ofgem said previously that it expects the change, along with adjustments to borrowing costs, to save consumers 6.5 billion pounds ($8.6 billion) overall. Ofgem has launched a consultation on the proposals to close in the second quarter of 2019.

 

Write to Ian Walker at ian.walker@wsj.com

 

(END) Dow Jones Newswires

March 15, 2019 03:34 ET (07:34 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
Kürzlich von Ihnen besucht
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

Der Markt LS (Lang&Schwarz) wird als Realtime Indikation kostenlos angezeigt und bietet Ihnen außerbörsliche Realtime Aktienkurse in der Zeit von Mo-Fr 08:00 bis 23:00, Samstags 10:00 bis 13:00 und Sonntags an.
NYSE und AMEX Kurse sind um mindestens 20 Minuten zeitverzögert.
Alle weiteren Kurse sind um mindestens 15 Minuten zeitverzögert, sofern nicht anders angegeben.
P: V:de D:20190323 22:41:17