National Grid announces £7.8 billion electricity deal

Reporting Accounts - news and updates

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National Grid announces £7.8 billion electricity deal

Reporting Accounts - news and updates

In today's podcast episode Adrian Lawrence our in-house financial expert talks about the National Grid and how they have announced an asset swap deal, they are selling their UK Gas distribution assets and buying more electricity ones in their place, this increases the proportion of their revenue from Electricity and reduces the proportion from Gas.  Given the UK's plans to reach net zero by 2050 this is a positive move, as it moves the company away from involvement with Fossil fuels.  Electricity is a regulated area so it also increases the percentage of its revenue which is regulated.

Overall its a positive news story and one that will be welcomed by environmental groups.

To learn more about Reporting Accounts and how we collect information and insights covering more than 4.8 million UK companies visit our website which can be found at https://www.reportingaccounts.com

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In today's podcast episode Adrian Lawrence our in-house financial expert talks about the National Grid and how they have announced an asset swap deal, they are selling their UK Gas distribution assets and buying more electricity ones in their place, this increases the proportion of their revenue from Electricity and reduces the proportion from Gas.  Given the UK's plans to reach net zero by 2050 this is a positive move, as it moves the company away from involvement with Fossil fuels.  Electricity is a regulated area so it also increases the percentage of its revenue which is regulated.

Overall its a positive news story and one that will be welcomed by environmental groups.

To learn more about Reporting Accounts and how we collect information and insights covering more than 4.8 million UK companies visit our website which can be found at https://www.reportingaccounts.com

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