The “significant premium” National Grid has agreed to pay for Western Power Distribution could undermine the former’s argument that the cost of equity being offered by Ofgem in RIIO2 is too low, according to Investec senior analyst Martin Young. He shares his thoughts on the deal with Utility Week as well as his predictions for the sale of National Grid’s gas transmission arm.
Premium on WPD sale is ‘big help’ to Ofgem
