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4-Traders Homepage  >  Shares  >  London Stock Exchange  >  National Grid plc    NG.   GB00B08SNH34

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National Grid : Offers Energy Management Solutions (Winter is Coming)

09/01/2015 | 01:10pm US/Eastern

Energy efficiency, billing options are ways to take control of energy costs

There are steps that customers can take now, however, to manage their energy budget and usage year-round. Energy efficiency opportunities as well as billing options and discount rates are tools National Grid offers to lessen the impact of higher bills.

“We’re concerned about the impact of energy costs on our customers all year long, but we recognize that the colder seasons pose an extra challenge,” said Marcy Reed, president of National Grid in Massachusetts. “Now is the perfect time to be proactive about your energy use and budget. We encourage you to take our energy efficiency tips and to see if one of our billing options is a good fit.”

With about half of New England’s electricity generation fueled by natural gas, electricity supply costs are likely to remain high this winter due to market prices and continued natural gas supply constraints into the region. Electricity supply is the electricity National Grid purchases on behalf of customers and passes to customers without a markup. National Grid does not generate electricity for its basic service customers and plays no role in determining market prices; the company delivers electricity to homes and businesses. New electricity supply rates, which have not yet been determined, will go into effect November 1.

Though electricity and natural gas bills are generally highest in the winter, National Grid is concerned about the impact these costs have on customers year-round and is an advocate for long-term energy solutions for the region. New England has been dealing with pipeline infrastructure constraints, which limit the amount of natural gas available for electricity generation. At the same time, there is a need for cleaner and more reliable energy. A three-part strategy of advancing renewables, increasing energy efficiency, and increasing gas transmission and pipeline capacity is the company’s solution to helping solve this unprecedented challenge.

About National Grid

National Grid (LSE: NG; NYSE: NGG) is an electricity and natural gas delivery company that connects nearly 7 million customers to vital energy sources through its networks in New York, Massachusetts and Rhode Island. It is the largest distributor of natural gas in the Northeast. National Grid also operates the systems that deliver gas and electricity across Great Britain.

Through its U.S. Connect21 strategy, National Grid is transforming its electricity and natural gas networks to support the 21st century digital economy with smarter, cleaner, and more resilient energy solutions. Connect21 is vital to our communities' long-term economic and environmental health and aligns with regulatory initiatives in New York (REV: Reforming the Energy Vision) and Massachusetts (Grid Modernization).

CONTACT: Media Relations – 781-907-3980

Copyright 2015, 3BL Media LLC, source Corporate Responsibility

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