Friday, August 3, 2007

National Grid Gives Scottish Power Electricity for Free to Balance Supply

(Bloomberg) -- National Grid Plc, the operator of the
U.K.'s power-transmission network, gave electricity to Scottish
Power Plc so the generator would produce less at its Longannet
coal-fired plant and help balance supply with demand on the grid.

The agreement was profitable for Scottish Power, a unit of
Spain's Iberdrola SA, because it didn't need to produce power
that it had already sold in the forward market, according to data
on a Web site run by the network operator.


Read more at Bloomberg Energy News

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