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National Grid plc is a British multinational electricity and gas utility company headquartered in London, England. Its principal activities are in the United Kingdom, where it owns and operates electricity and natural gas transmission networks, and in the Northeastern United States, where as well as operating transmission networks, the company produces and supplies electricity and gas ...
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MSP kWh is the amount of electricity consumed at the 'meter supply point', which is the customer's meter. GSP kWh is obtained by multiplying the MSP kWh by the Line Loss Factor (LLF, a figure > 1) to include the amount of electricity lost when it is conducted through the distribution network, from the 'grid supply point' to the customer's meter.
National Grid activates ‘Demand Flexibility Service’ to 1.4 million households as lack of wind and cold weather affect supplies National Grid to pay energy customers to switch off power ...
Electronic bill payment is a feature of online, mobile and telephone banking, similar in its effect to a giro, allowing a customer of a financial institution to transfer money from their transaction or credit card account to a creditor or vendor such as a public utility, department store or an individual to be credited against a specific account.
In Scotland this has resulted in payouts, [6] most recently over £6m in 33 days has been paid by the grid to wind farms to not generate electricity. Constraint payments are made to other electricity suppliers as well as wind. In 2011/2012, payments by the National Grid in the UK totaled £324 million of which £31 million went to wind.
If the total Reserve Service payments, about 2250 MW × £7,000 = £15.75 million are divided by the total kWh delivered by the National Grid to all customers, approximately 0.3 trillion kWh then this amounts to a total cost of about 0.005p/kWh.
By 2035, the company expects those investments will boost the grid's capacity to supply electricity to power more than a million electric cars and 750,000 heat pumps in Massachusetts.