Interview: National Grid’s John Pettigrew the man who keeps the lights on . . . most of the time. The National Grid boss rails against Labour plans to take over the utility. Now he has to explain the worst blackout in decades. Even before the blackout, Pettigrew had plenty on his plate, not least the mammoth task of overhauling the system to cope with more wind and solar energy, and potentially adapting gas pipes to run on hydrogen to meet government targets for net zero-carbon emissions. The energy watchdog, Ofgem, is trying to squeeze returns to keep down costs for consumers, and electric cars are placing new pressures on the grid. The biggest threat of all sports a grey beard. Jeremy Corbyn has accused the energy industry of ripping off customers and plans to renationalise National Grid if Labour is elected. Its share price has fallen by about 29% to 858p since Pettigrew succeeded Steve Holliday in 2016 – partly because of investors’ fears over a cut-price Labour raid.
Times 18th Aug 2019 read more »