National Grid to provide further cost evidence to regulator over Hinkley link

  • Tue 15 Oct 2019 13:21

    Power utility National Grid said it would look to provide further evidence to the UK's energy regulator to support its view of the costs of the the Hinkley-Seabank project.

    The project involves building the transmission line for the Hinkley Point C nuclear plant.

    Regulator Ofgem on Tuesday said it would grant National Grid £637m to build the transmission line, below the £717m it had requested.

    'We will review the consultations in detail and will continue to work with Ofgem as part of the ongoing RIIO-T2 negotiation to reach an appropriate outcome that offers value to consumers as well as providing a fair balance of risk and reward,' National Grid said.

    'These consultations on Hinkley-Seabank do not affect the delivery of the project, which is progressing well.'

    At 1:21pm: (LON:NG.) National Grid PLC share price was +5.6p at 889.4p

<< Back <<

National Grid (NG.)

887.96 0.00 (0.00%) delayed 18:32PM
Price delayed by 15 minutes.