UK Power Networks
UK Power Networks (UKPN) is a distribution network operator for electricity covering South East England, the East of England and London. It manages three licensed distribution networks (Eastern Power Networks, South Eastern Power Networks and London Power Networks) which together cover an area of 30000 square kilometres and approximately eight million customers.
| 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 | Cheung Kong Infrastructure Holdings (40%) Power Assets Holdings (40%) Li Ka Shing Foundation (20%) |
| Website | www |
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 three distribution arms UK Power Networks also operates UK Power Networks Services Holdings Limited, which develops and maintains electrical networks for customers including London Underground, Heathrow and Stansted airports, Docklands Light Railway and Canary Wharf.[2]
History edit
The area originally comprised three networks: the London Electricity Board, the Eastern Electricity Board and the South Eastern Electricity Board, known as 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.[3]
UK Power Networks maintains the electricity networks including the lines and electricity cables. There are 14 distribution network operators (DNOs), each responsible for a different area of the country. These DNOs are all regulated by the Office of Gas and Electricity Markets (Ofgem).
Ownership edit
UK Power Networks is owned by Cheung Kong Infrastructure Holdings, 40%, Power Assets Holdings, 40%, and The Li Ka Shing Foundation, 20%.[4]
Open Data Portal edit
UK Power Networks operate an Open Data Portal with material released under either Creative Commons Attribution 4.0 International (CC BY 4.0) licensing or alternatively UK Open Government 3.0 (OGL UK 3.0) licensing where necessary.[5]
See also edit
References edit
- ^ a b Gill Plimmer (2022-07-04). "£15bn deal for UK Power Networks collapses after owner lifts price". Financial Times. Retrieved 2022-07-04.
- ^ "UK Power Networks Services". www.ukpowernetworksservices.co.uk. Retrieved 2021-11-11.
- ^ Dinkloh, Peter; Webb, Quentin (29 July 2010). "EDF sells UK power grids for 5.5 bln pounds — sources". Reuters. Archived from the original on 2012-07-15. Retrieved 2023-02-11.
- ^ UK Power Networks. "Ownership".
- ^ Pang, Yiu-Shing (7 November 2022). "Open licences". LinkedIn. Retrieved 2022-11-10. Blog.
External links edit
- Official website