Electricity

(asked on 15th December 2016) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask Her Majesty’s Government what percentage of the UK's electricity distribution system is owned and operated by companies based outside the UK.


Answered by
Baroness Neville-Rolfe Portrait
Baroness Neville-Rolfe
Minister of State (Cabinet Office)
This question was answered on 22nd December 2016

All of the GB electricity distribution network companies are owned and operated by companies registered and based in the UK, and are subject to a domestic legal and regulatory framework. These companies are owned by a diverse range of stakeholders based both within the UK and outside:

  • Electricity North West, which owns and operates one electricity distribution network, is owned by a consortium managed by Colonial First State and JP Morgan Asset Management, based in Australia and the USA respectively.
  • Northern Powergrid, which owns and operates two electricity distribution networks, is a subsidiary of Berkshire Hathaway based in the United States of America (USA).
  • Scottish and Southern Electricity Networks, which owns and operates two electricity distribution networks, is part of the SSE Group based in the UK.
  • SP Energy Networks, which owns and operates two electricity distribution networks, is part of the Scottish Power Limited, which is an unlisted sub-holding company of the Iberdrola Group based in Spain.
  • UK Power Networks, which owns and operates three electricity distribution networks, is owned by a consortium, including Power assets Holdings Ltd, Li Ka Shing Foundation Ltd, Cheung Kong Infrastructure Holdings Ltd, all of which are based in Hong Kong.
  • Western Power Distribution, which owns and operates four electricity distribution networks, is owned by PPL Corporation based in the USA
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