Ofgem to Probe National Grid Electricity Transmission's Forecasting
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 firstname.lastname@example.org; @IanWalk40289749
(END) Dow Jones Newswires
May 22, 2018 02:43 ET (06:43 GMT)Copyright (c) 2018 Dow Jones & Company, Inc.