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Stock impact report

UK government agrees measures with energy industry to safeguard supply [Reuters (UK)]

National Grid Transco, PLC National Grid PLC (NEW) American Depositary Shares (NGG) 
US:NYSE Investor Relations: investors.nationalgrid.com
Company Research Source: Reuters
UK government agrees measures with energy industry to safeguard supply - Reuters 2 Min Read LONDON (Reuters) - The British government has agreed emergency measures with the energy industry to ensure vulnerable households remain supplied with power during the disruption caused by the novel coronavirus, it said on Thursday. From Thursday onwards, customers with pre-payment meters who are unable to add credit can approach their suppliers to discuss other options to maintain power. That has the potential to benefit over 4 million households. Disconnection of credit meters will be completely suspended, while energy customers in financial distress can also ask their suppliers for debt repayments and bill payments to be reassessed, reduced or paused, the government said. The agreement has been signed by all UK domestic energy suppliers and will come into force immediately. Britain’s biggest energy suppliers, including Centrica’s ( CNA.L ) British Gas, SSE ( SSE.L ), EDF’s ( EDF.PA ) EDF Show less Read more
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