National Grid Plc (National Grid) is an energy utility, which transmits and distributes electricity and natural gas. The company owns and operates electricity and gas transmission and distribution networks; and also serves as transmission owner and system operator. It provides installation and maintenance services to electricity metering and LNG suppliers; develops and operates electricity inter-connectors and carries out LNG storage; and insurance and corporate activities. National Grid operates an energy monopoly entity regulated by Ofgem. It also builds sub-sea electricity inter-connectors to join the UK to renewable energy on the continent. The company has operations in the UK and North Eastern US. National Grid is headquartered in London, Greater London, the UK.
Headquarters
United Kingdom
Address
1-3 Strand, London, Greater London, WC2N5EH
Website
www.nationalgrid.com
Telephone
44 20 70043220
No of Employees
30,756
Industry
Power
Ticker Symbol & Exchange
NG. (LON)
Revenue (2023)
$25.1B
33.6%
(2023 vs 2022)
EPS
XYZ
Net Income (2023)
XYZ
43.5%
(2023 vs 2022)
Market Cap*
$47.0B
Net Profit Margin (2023)
XYZ
7.4%
(2023 vs 2022)
* As of and is in US$
National Grid Plc premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Electricity | Electricity Transmission and Distribution |
| Gas | Gas Distribution |
| Meters | Meter Reading |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In February, National Grid Electricity Distribution entered into a partnership with Prysmian Group to upgrade UK’s electricity grid. |
| 2023 | Plans/Strategy | In January, the company announced its plans to receive a total of 1.4 million grid sensors for a next generation advanced metering infrastructure (AMI) project from Landis+Gyr Technology Inc. |
| 2023 | Others | In January, the company completed a ten-week trial to test a hydrogen-powered generator at its Deeside Centre for Innovation. |
Competitor Comparison
| Key Parameters | National Grid Plc | Centrica Plc | Duke Energy Corp | Consolidated Edison Inc | DTE Energy Co |
|---|---|---|---|---|---|
| Headquarters | United Kingdom | United Kingdom | United States of America | United States of America | United States of America |
| City | London | Windsor | Charlotte | New York | Detroit |
| State/Province | Greater London | Berkshire | North Carolina | New York | Michigan |
| No. of Employees | 30,756 | 19,704 | 27,605 | 14,319 | 10,300 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Paula Rosput Reynolds | Chairman | Executive Board | 2021 | 64 |
| John Pettigrew | Director; Chief Executive Officer | Executive Board | 2016 | 52 |
| Andy Agg | Chief Financial Officer; Director | Executive Board | 2019 | 51 |
| Will Serle | Chief People and Culture Officer | Senior Management | - | - |
| Adriana Karaboutis | Chief Information and Digital Officer | Senior Management | 2017 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
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