Nasty shock for the Grid

Article Abstract:

The UK Office of Electricity Regulation (Offer) has proposed an initial drop in revenue of from 20% to 26% and control of prices at 4% less than inflation during the three years after 1996. The chairman of National Grid received options, shares and dividends worth over 1 million pounds sterling when National Grid was floated in Dec 1996. Offer values Energis, National Grid's telecoms business, at 400 million pounds sterling, while the company does not allocate a value to Energis. The proposals would reduce National Grid's profit to 376 million pounds sterling for 1997 to 1998 compared with 581 million pounds for 1996.

Electric Power Trans & Distr, Electric Power Transmission, Control, and Distribution, Electric power supply, National Grid Company PLC

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Electricity generators: dug in for a fight

Article Abstract:

PowerGen and National Power will not have price targets set by the industry regulator, Stephen Littlechild, in recognition of their having reduced their market share. British Energy is scheduled for flotation in 1996, and does not plan new nuclear power stations. This will leave the newly privatized company as a strong competitor to National Power and PowerGen. The outcome of a referral to the UK Monopolies and Mergers Commission of bids by PowerGen and National Power for electric utilities has not been revealed.

Electric generators

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Power companies don't want too much competition

Article Abstract:

UK electric power companies are setting up long-term agreements with electric utilities to replace those contracts scheduled to end in 1998. British Energy has set up a 15 year agreement with Southern and National Power is also setting up agreements. The UK electricity industry regulator plans to make a statement on these agreements since they could affect levels of competition in the industry. British Energy has stressed that its agreement with Southern is non-exclusive so should be permitted by the regulator.

Electric Utilities, Electric Power Generation, Transmission and Distribution, Electric power production

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