UK's National Grid lifts outlook as Norway power link provides boost

  • 📰 Reuters
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

United States Headlines News

United States Latest News,United States Headlines

Britain's National Grid said on Thursday it is expecting its annual earnings growth to beat its forecasts, as the company benefits from an early commissioning of the North Sea Link electricity interconnector between Britain and Norway.

Migrating starlings fly at dusk past electricity pylons silhouetted by the sunset of a clear autumn evening in the Kent countryside, in Graveney, Britain, October 26, 2015. REUTERS/Dylan Martinez/File Photosaid on Thursday it is expecting its annual earnings growth to beat its forecasts, as the company benefits from an early commissioning of the North Sea Link electricity interconnector between Britain and Norway.

The North Sea Link power cable worth 1.6 billion euros began commercial operations early last month and is expected to improve the UK's energy security as the country grapples with soaring energy costs. Record high energy prices in Britain have resulted in around 20 energy suppliers going bust and also caused some industrial firms to cut output amid warnings of food shortages this winter.

Source: News Formal (newsformal.com)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Australian researchers to study how Tesla car batteries can power gridAustralia's University of Queensland has partnered with analytics platform Teslascope for a research project that would analyze whether the spare battery capacity of Tesla vehicles could support the energy grid and even power homes in the future
Source: Reuters - 🏆 2. / 97 Read more »

Federal regulators release report on Texas power grid failureA new report from federal regulators details the causes behind Texas' power outages earlier this year. In February, massive outages during a cold snap in Texas led to chaos and death. This report says more than half of the power generators that shut down should be better protected from cold. Now,I know the reason why people tend to recommend cointradefx Investment this much. They are literally the best investment platform put there. I made a profit of $14000 with investment of 2k in 15 days CointradeCrypto
Source: CNBC - 🏆 12. / 72 Read more »

Volkswagen powers up the grid to take on TeslaVolkswagen plans to double staff numbers at its charging and energy division, roll out new payment technology next year and strike more alliances to take on Tesla in a key electric vehicle (EV) battleground: power infrastructure.
Source: Reuters - 🏆 2. / 97 Read more »

Volkswagen powers up the grid to take on TeslaVolkswagen plans to double staff numbers at its charging and energy division, roll out new payment technology next year and strike more alliances to take on Tesla in a key electric vehicle (EV) battleground: power infrastructure.
Source: Reuters - 🏆 2. / 97 Read more »

Wallbox Pulsar Plus Can Now Use Solar Energy To Charge Your EVIntelligent routing can use power from your solar grid exclusively and dynamical load balance without a smart panel.
Source: Forbes - 🏆 394. / 53 Read more »

Federal regulators release report on Texas power grid failureA new report from federal regulators details the causes behind Texas' power outages earlier this year. In February, massive outages during a cold snap in Texas led to chaos and death. This report says more than half of the power generators that shut down should be better protected from cold. Now,I know the reason why people tend to recommend cointradefx Investment this much. They are literally the best investment platform put there. I made a profit of $14000 with investment of 2k in 15 days CointradeCrypto
Source: CNBC - 🏆 12. / 72 Read more »