National Grid Plc

National Grid has sought a rate freeze, but watchdogs are skeptical of the motive, suggesting the move is a hike in disguise. The utility stated that its proposal intends to address affordability for its customers.

Nepra member Amina Ahmed challenged financial inconsistencies in the National Grid Company's (NGC) Rs332bn three-year revenue requirement approval, citing misclassification of Rs19bn payable to CPPA as a loan and untransferred assets affecting equity calculations. The regulator approved lower revenue than NGC's requested Rs478bn, with increasing use-of-system charges for FY23-FY25.

Governor Maura Healey criticized utility companies and President Donald Trump for rising energy costs but did not specify legislative progress. Lawmakers are negotiating an energy affordability bill, but a compromise remains delayed as House and Senate versions differ.

The National Grid operator continues to use fax machines and has failed to submit crucial risk reports to Ofgem, according to a report. The issue highlights potential operational shortcomings in regulatory compliance.

National Grid awarded 10 scholarships to Hudson Valley Community College (HVCC) students during a ceremony at its Albany headquarters. Eight new students and two returning students received funds through the National Grid Electric Worker Scholarship program.

Electric vehicles (EVs) with vehicle-to-grid (V2G) technology can send energy back to the grid during peak demand, creating a revenue stream for drivers. A coalition including Eversource, National Grid, and others is launching a V2G pilot in Massachusetts to enhance grid reliability and reduce electricity costs.

Massachusetts utilities earn profits through grid infrastructure rather than electricity sales, which is critical context for evaluating a MIT study arguing rooftop solar raises rates. The study excludes grid costs from utility-scale solar projects, which could distort conclusions used to justify reducing solar credits for homeowners.

Ten Massachusetts communities adopted 'fossil fuel free' policies banning gas hookups in new construction and major renovations. Despite these efforts, utilities Eversource and National Grid spent $100 million upgrading gas infrastructure in nine of these communities since the policies were enacted, primarily to replace leaky pipes under the state's Gas System Enhancement Plan.

National Grid has proposed freezing gas delivery rates for 2 million customers in New York City and Long Island through March 31, 2028, pending approval by the New York State Public Service Commission. The proposal aims to provide financial relief amid rising costs while maintaining customer programs and climate-related investments.

National Grid will begin contamination cleanup at a former manufactured gas plant site in Troy. The New York State Department of Environmental Conservation announced the initiative.

Thousands of residents in the Capital Region lost power, as reported by National Grid and Central Hudson's outage maps.

Emerald AI's Conductor software tested a data center's ability to reduce power usage during UK grid stress, aiming to address energy grid limitations. The technology, set to deploy in Virginia's Data Center Alley, involves partners like Nvidia and Digital Realty, promoting 'power-flexible AI factories' to ease energy bottlenecks.

The first LNG shipment since the Iran war began appears to have exited the Strait of Hormuz, with the Lalla Fatma N'Soumer tanker arriving at the UK's Grain LNG terminal. European natural gas prices surged due to ongoing Middle East conflicts disrupting energy markets and seaborne supplies.

Vietnam is purchasing more liquefied natural gas (LNG) as rising temperatures increase demand. European natural gas prices have surged due to the ongoing war in the Middle East, which is disrupting seaborne energy supplies.