UK Power Networks
 | |
| Subsidiary | |
| Industry | Energy |
| Founded | 2010 |
| Headquarters | London, England, UK |
Key people | Basil Scarsella (CEO) |
| Products | Electricity |
| Parent | Cheung Kong Infrastructure Holdings |
| Website |
www |
UK Power Networks is a distribution network operator for electricity covering South East England, the East of England and London. It manages 3 licensed distribution networks (Eastern Power Networks PLC, South Eastern Power Networks PLC and London Power Networks PLC) which together cover an area of 30,000km2 and approximately 8 million customers.
In 2014 UK Power Networks was awarded £25 million from the electricity regulator Ofgem's Low Carbon Networks Fund for the Low Carbon London project. In 2011 it was awarded £6.7 million by Ofgem for another project, Flexible Plug and Play, which is researching new ways, technical and commercial, to connect renewable energy to the distribution network in Cambridgeshire. As well as the 3 distribution arms UK Power Networks also operates UK Power Networks Services Holdings Limited, which develops and maintains electrical networks for clients like London Underground, Heathrow and Stansted airports, Docklands Light Railway and Canary Wharf.[1]
History
The area previously comprised three networks known as the London Electricity Board, Eastern Electricity, and South Eastern Electricity board SEEBOARD, before being brought together by EDF Energy to form EDF Energy Networks. UK Power Networks began operations in October 2010 after the sale of EDF Energy Networks to the Cheung Kong Group for a reported £5.5 billion..[2]
UK Power Networks maintain the electricity networks including the lines and electricity cables. There are 14 distribution network operators (DNOs), each responsible for different areas of the country. These DNOs are all regulated via the Office of the Gas and Electricity Markets (Ofgem).
Ownership
UK Power Networks is owned by Cheung Kong Infrastructure Holdings,40%, Power Assets Holdings, 40%, and The Li Ka Shing Foundation, 20%.[3]
See also
References
- ↑ UK Power Networks. "UKPN Services Holdings".
- ↑ Reuters (30 July 2010). "EDF sells British grids for £5.5 billion - sources".
- ↑ UK Power Networks. "Ownership".
External links
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