AHH national grid claiming selling the gas side is part of going green, more like it’s been massively under funding, under Manning and under investing in upgrades since they brought it of Transco.
The truth national grid never wanted the gas side as it was less profitable than the electric side, despite it shipping 6x the amount of energy. Grid treated the gas side as the ginger step child in everything from upgrades, personal and PPE/transport.
And now grid have seen the cost of upgrading the system to hydrogen and they have bailed. They really are a bunch of cowboys, rather pay diffidends to share holders and management than investing in new or updating the nation’s grid.
With the introduction of more electric cars and electric heating the grid will fall on its knees.
Amazing how Western Power Distribution (the electrical distribution asset) attracted so much demand when it was in the market, whereas NGG flew under the radar. Gas is definetely out of fashion to mainstrram infra investors
Macquarie could then control Cadent Gas (gas transmission) and NGG (gas distribution). Looking at Thames Water and what Macquarie did there, the regulator better step up ASAP
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AHH national grid claiming selling the gas side is part of going green, more like it’s been massively under funding, under Manning and under investing in upgrades since they brought it of Transco.
The truth national grid never wanted the gas side as it was less profitable than the electric side, despite it shipping 6x the amount of energy. Grid treated the gas side as the ginger step child in everything from upgrades, personal and PPE/transport.
And now grid have seen the cost of upgrading the system to hydrogen and they have bailed. They really are a bunch of cowboys, rather pay diffidends to share holders and management than investing in new or updating the nation’s grid.
With the introduction of more electric cars and electric heating the grid will fall on its knees.
Amazing how Western Power Distribution (the electrical distribution asset) attracted so much demand when it was in the market, whereas NGG flew under the radar. Gas is definetely out of fashion to mainstrram infra investors
Macquarie could then control Cadent Gas (gas transmission) and NGG (gas distribution). Looking at Thames Water and what Macquarie did there, the regulator better step up ASAP