Ofgem to Probe National Grid Electricity Transmission's Forecasting

05/22/18 02:43 AM EDT
   By Ian Walker 
 

U.K. energy regulator Ofgem said Tuesday that it has started an investigation into National Grid Electricity Transmission's demand forecasting for the U.K. electricity market, but stressed that this doesn't mean it has found any non-compliance issues.

Ofgem said the investigation will examine whether National Grid Electricity Transmission breached rules relating to its duty to operate the system in an economic and efficient manner. It said this includes producing and publishing appropriate forecasts of demand.

National Grid Electricity Transmission is the system operator for the electricity transmission network in England, Scotland and Wales and is owned by National Grid PLC (NG.LN). It ensures supply and demand are balanced in real time and provides demand forecasts to the U.K. electricity market.

 

Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749

 

(END) Dow Jones Newswires

May 22, 2018 02:43 ET (06:43 GMT)

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