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Tag: grid

National Grid blames lightning strike for huge power cut

National Grid blames lightning strike for huge power cut

Business
By John-Paul Ford Rojas, business reporter National Grid is facing an investigation by Ofgem over a major power cut earlier this month - as it blamed a lightning strike for the outage.The regulator - which has the power to fine firms up to 10% of UK turnover - said it was looking into whether the Grid and other electricity companies breached their licence conditions. Ofgem said it would focus on whether National Grid complied with requirements to hold sufficient backup power as well as how separate generation and distribution companies met their obligations.It announced the investigation at the same time as it published National Grid's interim report into the power failure on 9 August, which left more than a million homes without power ...
Labour unveils National Grid takeover plan

Labour unveils National Grid takeover plan

Business
The Labour Party is unveiling plans to take the National Grid into public ownership.It wants to create a National Energy Agency to own and maintain transmission infrastructure.Labour said its nationalisation pledge would "usher in a Green Industrial Revolution" and tackle climate change.But National Grid - the largest transmitter of electricity and gas in Britain - said the proposal was the "last thing" that was needed.The firm, which does not operate in Northern Ireland, said the Labour plan would hinder the shift to green energy.Labour also set out plans to put solar panels on nearly two million homes.Its proposals are contained in a document entitled Bringing Energy Home, due to be presented on Thursday by leader Jeremy Corbyn and Rebecca Long Bailey, ...
Grid security questioned after Russian sanctions

Grid security questioned after Russian sanctions

Business
March 16 (UPI) -- After the U.S. Treasury Department slapped Russian entities with sanctions for cyberattacks, an industry poll found confidence in grid security is absent.The U.S. Treasury Department revealed Thursday that Russian government actors targetted "multiple U.S. critical infrastructure sectors, including the energy, nuclear, commercial facilities, water, aviation, and critical manufacturing sectors" with cyberattacks at least since March 2016.Attendees at an annual Security and Energy conference held in Abu Dhabiin November said cybersecuritty was a major problem for the energy sector. Data from the organizers of the conference said there were nearly 100 cyberattacks reported over the last year by oil and natural gas company leaders and the industry's certification body, DNV GL...
America’s utilities prepare for a nuclear threat to the grid

America’s utilities prepare for a nuclear threat to the grid

Finance
WHEN North Korea said on September 3rd that it had developed a hydrogen bomb, adding that it could be used for a “super-powerful” high-altitude electromagnetic pulse (HEMP) attack, America’s electricity industry was already on alert. Sceptics tend to dismiss as far-fetched the idea that the rogue regime would knock out the electricity grid by detonating a nuclear bomb high in the atmosphere. Regulators have not mandated safety measures. But the utilities are taking it seriously enough.They are more than a year into a three-year programme, funded by about 60 electricity firms, to understand the potential impact of a HEMP attack on the generation and transmission of electricity, and to find ways to shield the network. Such concerns are not new. In 1962, when America exploded nuclear devices