(Bloomberg) -- National Grid Plc, the operator of the U.K.'s power-transmission network, agreed to pay Scottish & Southern Energy Plc to produce less electricity at its Peterhead plant to help balance supply with demand on the grid.
As manager of the high-voltage electricity system, National Grid can pay generators or consumers to ensure production meets consumption and resolve bottlenecks on the grid. It struck an agreement with Scottish & Southern on April 13 to curtail output from Unit 2 at the gas-fired plant near Aberdeen, Scotland, and made similar arrangements on the following two days, the last of which will expire at 11 p.m. today.
Read more at Bloomberg Energy News
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