GS Utilities Daily: National Grid Proposal and Centrica LNG Deal

Goldman Sachs reviews key developments in the utility sector, including National Grid's £4.5bn UK grid proposal and Centrica's 10-year LNG deal. The report highlights an emerging 'super cycle' for European utilities driven by massive data center power demand.

Key Takeaways

• 1.National Grid is seeking Ofgem approval for a £4.5bn investment package to reinforce and upgrade the electricity transmission network in England and Wales.
• 2.Centrica Energy has secured a 10-year natural gas supply agreement with a Canadian producer to deliver 50,000 MMBtu per day starting in 2029.
• 3.The European Union is developing mandatory energy-efficiency standards for data centers to address their rapidly increasing power consumption.

Table of Contents

• Research you can't miss from past two weeks
• National Grid submit £4.5bn proposal for Transmission Re-Openers
• Centrica Energy agrees 10-year LNG supply deal
• EU plans energy-efficiency standards for data centres
• Danish government sets out plans for offshore wind expansion
• Italy launches second auction for BESS
• Other news
• Research you need to read
• Disclosure Appendix