Headquartered in London, National Grid is an electricity and gas company that connects consumers to energy sources through its networks. In Britain, National Grid run the gas and electricity systems that our society is built on, delivering gas and electricity across the country. In the North Eastern United States, National Grid connects more than seven million gas and electric customers to vital energy sources, essential for our modern lifestyles.
CEO: Steven Holliday Revenues: $22.67 billion (2012) Employees: 27,000 (2012)
Climate Change Actions
- National Grid has committed to reducing Scope 1 and 2 greenhouse gas emissions 80 percent by 2050, with an interim target of 45 percent by 2020.
- In 2009, National Grid established carbon budgets within each Line of Business to further reduce greenhouse gas emissions, and uses a Shadow Price of Carbon (SPC) in all the company’s economic decisions.
- As of 2011, achieved a 51 percent reduction in Scope 1 and 2 emissions compared with a 1990 baseline. This represents a 4 percent increase against the baseline compared with 2009-2010 performance, which is attributable to increased utilization of the company’s Long Island, NY, generating plant in order to meet increased consumer demand and to pick up capacity shortfall from other generators. Continued investments in modernization of these plants has resulted in a 3.8 percent increase in efficiency, or a saving of 35,375 tonnes CO2e over the year on a like for like output basis.
- National Grid is leading the UK’s Carbon Capture and Storage (CCS) industry development, helping to demonstrate deployment of CCS by developing CO2 transportation proposals.
- National Grid participated in the World Resources Institute/World Business Council for Sustainable Development pilot study during 2010 in order to assess and report Scope 3 emissions in more detail. Scope 3 emissions for 2010-11 consisted of 5.1 million tonnes CO2e from electricity transmission and distribution losses; 2.8 million tonnes from the procurement of goods and services; and 29.6 million tonnes from sold product (gas and electricity) in the United States. As the company invests in modernizing infrastructure networks and in building connections to low carbon sources of energy, it expects Scope 3 emissions to increase in the short term and fall in the long term as transmission and distribution losses decrease and as the grid average carbon intensity decreases. In the United States, emissions may rise as the customer base increases, but expect a regional reduction in emissions as customers switch from fuel oil to less carbon intensive fuels.
- During the 2010 calendar year, close to 180,000 customers participated in National Grid’s gas energy-efficiency programs, an increase of 107 percent from 2009. In 2010, over 840,000 customers participated in the Company’s electric energy-efficiency programs, a 65 percent increase from 2009. Combined, over 1 million customers participate in these energy efficiency programs. During 2010, customers saved over 13 million annual therms of gas and nearly 520,000 annual megawatt-hours of electricity.
- During 2010, National Grid represented the energy sector on a Defra project (Defra is the US EPA equivalent in the UK) to develop climate adaptation risk assessments for the regulated UK gas and electricity businesses. The process showed that National Grid has a good understanding of the risks posed by potential future climate change and has a high degree of resilience already built into its networks. In the United States, National Grid is working with state task forces on flood risk assessment and mitigation requirements for electricity assets. In 2011-12, the company will continue to work with governmental and local agencies as this field of study and research on climate adaptation evolves.
Statement on Climate Change
“Climate change is the biggest challenge facing us all. Energy companies have a central role in meeting this challenge, and making the significant investment needed to support the move to a low carbon economy. They are keen to make the transition, and apply their knowledge, skills and investment to the task.” Steve Holliday, Chief Executive, National Grid plc, March 2008.
National Grid position on climate change ; National Grid Corporate Responsibility web-site