National Grid (Great Britain)
National Grid (Great Britain) is the trading name for National Grid Electricity Transmission plc, National Grid Gas Transmission plc, National Grid Gas Distribution Limited, and other related entities that operate the high-voltage electricity transmission network and high-pressure gas transmission network in Great Britain. It is responsible for maintaining and developing these networks, ensuring that electricity and gas can be transported safely and reliably from where they are produced to where they are needed.
Electricity Transmission: National Grid's electricity transmission network transports high-voltage electricity from power stations and renewable energy sources to local distribution networks, which then supply electricity to homes and businesses. They do not directly sell electricity to consumers. Its responsibilities include managing the electricity system in real-time to balance supply and demand, and investing in new infrastructure to meet future energy needs.
Gas Transmission: National Grid also operates the high-pressure gas transmission network, which transports gas from import terminals and storage facilities to local gas distribution networks. Similar to its electricity responsibilities, National Grid ensures the safe and efficient transport of gas, but does not directly supply gas to end consumers.
Regulation: National Grid is a regulated company, meaning its activities and prices are overseen by an independent regulatory body, Ofgem (the Office of Gas and Electricity Markets). Ofgem sets price controls and performance targets to ensure that National Grid provides a cost-effective and reliable service.
Sustainability and Decarbonization: National Grid plays a crucial role in the transition to a low-carbon energy system in Great Britain. It is investing in new technologies and infrastructure to support the integration of renewable energy sources, such as wind and solar power, into the grid. This includes developing smart grids and energy storage solutions. The company has committed to achieving net-zero emissions in its own operations and is working to enable the decarbonization of the wider energy system.