24 days ago • Posted by Martin Boujol
National Grid exits the gas market
National Grid declared today that it was exiting the gas market, turning entirely towards "net zero" carbon and green energy through a flurry of deals totaling £18 billion. This is certainly one of the most dramatic UK corporate shift we have seen in the energy sector. They will be selling their gas operation (PPL) as part of a deal to buy UK's largest electricity distributer: Western Power Distribution. In the end, the proportion of its electric assets will rise from 60% to 70%.
Source: Yahoo Finance