 | |
 | |
| Company type | Subsidiary |
|---|---|
| Industry | Energy |
| Founded | 2010 with Founding CEO David Owens |
| Headquarters | London, England, UK |
Key people | Basil Scarsella (CEO) |
| Products | Electricity |
| Revenue |  £ 1,760 million (March 2021)[1] |
| £ 614.8 million (March 2021)[1] | |
| Owner | |
| Website | www |
UK Power Networks (UKPN) is adistribution network operator forelectricity coveringSouth East England, theEast of England andLondon. It manages three licensed distribution networks (Eastern Power Networks, South Eastern Power Networks andLondon Power Networks) which together cover an area of30000 square kilometres and approximately eight million customers.
In 2014 UK Power Networks was awarded £25 million from the electricity regulatorOfgem's Low Carbon Networks Fund for the Low Carbon London project. In 2011 it was awarded £6.7 million by Ofgem for another project,Flexible Plug and Play, which is researching new ways, technical and commercial, to connect renewable energy to the distribution network in Cambridgeshire.As well as the three distribution arms UK Power Networks also operates UK Power Networks Services Holdings Limited, which develops and maintains electrical networks for customers includingLondon Underground,Heathrow andStansted airports,Docklands Light Railway andCanary Wharf.[2]
The area originally comprised three networks: theLondon Electricity Board, theEastern Electricity Board and theSouth Eastern Electricity Board, known asSEEBOARD, before being brought together byEDF Energy to form EDF Energy Networks.UK Power Networks began operations in October 2010 after the sale of EDF Energy Networks to theCheung Kong Group for a reported £5.5 billion.[3]
UK Power Networks maintains the electricity networks including the lines and electricity cables. There are 14distribution network operators (DNOs), each responsible for a different area of the country. These DNOs are all regulated by theOffice of Gas and Electricity Markets (Ofgem).
UK Power Networks is owned byCheung Kong Infrastructure Holdings, 40%,Power Assets Holdings, 40%, andThe Li Ka Shing Foundation, 20%.[4]
UK Power Networks operate anOpen Data Portal with material released under eitherCreative Commons Attribution 4.0 International(CC BY 4.0) licensing or alternativelyUK Open Government 3.0 (OGL UK 3.0) licensing where necessary.[5]
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