UK Power Networks
 | |
 | |
| Company type | Subsidiary |
|---|---|
| Industry | Energy |
| Founded | 2010 with Founding CEO David Owens |
| Headquarters | London, England, UK |
Key people | Basil Scarsella(CEO) |
| Products | Electricity |
| Revenue |  £ 1,760 million (March 2021)[1] |
| £ 614.8 million (March 2021)[1] | |
| Owner | |
| Website | www |
UK Power Networks(UKPN) is adistribution network operatorforelectricitycoveringSouth East England,theEast of EnglandandLondon.It manages three licensed distribution networks (Eastern Power Networks, South Eastern Power Networks andLondon Power Networks) which together cover an area of30000square kilometres and approximately eight million customers.
In 2014 UK Power Networks was awarded £25 million from the electricity regulatorOfgem'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 three distribution arms UK Power Networks also operates UK Power Networks Services Holdings Limited, which develops and maintains electrical networks for customers includingLondon Underground,HeathrowandStanstedairports,Docklands Light RailwayandCanary Wharf.[2]
History
[edit]The area originally comprised three networks: theLondon Electricity Board,theEastern Electricity Boardand theSouth Eastern Electricity Board,known asSEEBOARD,before being brought together byEDF Energyto form EDF Energy Networks. UK Power Networks began operations in October 2010 after the sale of EDF Energy Networks to theCheung Kong Groupfor a reported £5.5 billion.[3]
UK Power Networks maintains the electricity networks including the lines and electricity cables. There are 14distribution network operators(DNOs), each responsible for a different area of the country. These DNOs are all regulated by theOffice of Gas and Electricity Markets(Ofgem).
Ownership
[edit]UK Power Networks is owned byCheung Kong Infrastructure Holdings,40%,Power Assets Holdings,40%, andThe Li Ka Shing Foundation,20%.[4]
Open Data Portal
[edit]UK Power Networks operate anOpen Data Portalwith material released under eitherCreative Commons Attribution 4.0 International(CC BY 4.0)licensingor alternativelyUK Open Government3.0 (OGL UK 3.0) licensingwhere necessary.[5]
See also
[edit]References
[edit]- ^abGill Plimmer (2022-07-04)."£15bn deal for UK Power Networks collapses after owner lifts price".Financial Times.Retrieved2022-07-04.
- ^"UK Power Networks Services".www.ukpowernetworksservices.co.uk.Retrieved2021-11-11.
- ^ Dinkloh, Peter; Webb, Quentin (29 July 2010)."EDF sells UK power grids for 5.5 bln pounds — sources".Reuters.Archived fromthe originalon 2012-07-15.Retrieved2023-02-11.
- ^UK Power Networks."Ownership".
- ^ Pang, Yiu-Shing (7 November 2022)."Open licences".LinkedIn.Retrieved2022-11-10.Blog.
External links
[edit]
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