UK News: National Grid boss given £1 million pay rise, despite biggest blackout in a decade - PressFrom - United Kingdom
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UK NewsNational Grid boss given £1 million pay rise, despite biggest blackout in a decade

01:05  20 august  2019
01:05  20 august  2019 Source:   inews.co.uk

National Grid boss says UK 'is not Argentina' after power cut

National Grid boss says UK 'is not Argentina' after power cut The chief executive of National Grid has defended its handling of a major power cut that brought widespread disruption last week - and denied claims that he was on holiday. John Pettigrew said the failure was due to a "rare and exceptional combination of circumstances" and batted off comparisons with countries such as Argentina, insisting that the UK's energy network is one of the most reliable in the world. He said the system "did the job it was designed to do" by protecting the majority of users from losing power, and called for an equal degree of focus on how rail companies handled the outage.

British workers secured their biggest pay rise in a decade in October, despite a rise in unemployment that The Office for National Statistics said inflation-adjusted wages But after a pretty appalling decade , Britain remains some way off a return to the levels of real pay we enjoyed before the crash.”

National Grid 's boss has come under fire for his eye-watering £ 944,000 wage packet during the biggest power cut to hit the UK in a decade . In the aftermath of the widespread blackout - which affected hospitals, airports, rail lines and traffic lights across the country - critics have called

National Grid boss given £1 million pay rise, despite biggest blackout in a decade © Provided by Johnston Publishing Ltd

The chief executive of National Grid had been given a £1m pay rise, less than two weeks after Britain experienced its biggest blackout in a decade.

National Grid boss given £1 million pay rise, despite biggest blackout in a decade © Provided by Johnston Publishing Ltd

John Pettigrew was paid £4.56m for the last financial year to reward his “strong performance”, according to the company’s annual report.

This pay packet is an increase from the year before when he was paid £3.65m.

According to The Guardian, National Grid’s remuneration committee praised Pettigrew, 50, for delivering “a strong performance in his third year in the role” and delivering value to investors and shareholders.

National Grid boss comes under fire for his eye-watering £1million salary in wake of blackout that wreaked chaos across Britain

National Grid boss comes under fire for his eye-watering £1million salary in wake of blackout that wreaked chaos across Britain National Grid's chief executive John Pettigrew, receives a £944,000 annual wage packet, which critics have branded 'a national disgrace' following Friday's UK-wide power cut.

George Holmes paid £ 290,215 in 2016-17 despite Bolton having high student drop- out rate.

National Grid CEO Goes On Offensive as U.K. Probes Blackout . (Bloomberg) -- The operator of Britain’s power distribution system sought to shift blame for once- in - a - decade blackouts last week to local networks as the government laid out a more detailed investigation into the power

National Grid boss given £1 million pay rise, despite biggest blackout in a decade © Provided by Johnston Publishing Ltd

Major energy blackout

A sign is seen outside the National Grid station [Photo: Getty]The blackout which which took place on 9 August caused nearly a million homes to be without electricity and left hundreds of thousands of people stranded as transport networks collapsed.

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Series of avoidable failures led to worst blackout in a decade, National Grid tells regulator

The power outage amounted a five per cent reduction in Britain’s overall electricity supply, however the country was sent into meltdown with one million homes sent into darkness and chaos on the railways at the height of rush hour.

Local distribution centres severed power for train signalling stations, grinding Britain’s railway to a halt and causing Govia Thameslink trains to shut themselves down, with more than 20 unable to be restarted by drivers.

'Renewables not to blame for power cut'

'Renewables not to blame for power cut' Britain's power grid operator has ruled out renewables as the reason behind last week's power cut. © Getty National Grid says it's investigating the cause of a major power cut last week The boss of National Grid told Sky News that there was "nothing to indicate there is anything to do with the fact that we're moving to more wind or more solar" power. On Friday, nearly one million people were affected by an outage for up to an hour in London, the South East, swathes of the Midlands, and the North West. Newcastle Airport was plunged into darkness for about 15 minutes too.

The man who ran National Grid for a decade says news stories raising blackout fears should stop. Our bigger concern now is the possibility that when margins are tight, the price will shoot One current weapon at National Grid 's disposal is a contract for flexible supply with firms which don't manufacture

National Grid Ventures. Invests in energy businesses in competitive markets across the US and UK, delivering stable, long-term value. We own, manage, and operate the national transmission network in Great Britain, making gas available when and where it’s needed.

While experts say the outage was “extremely rare”, some suggested that if National Grid had spent £170 million more a year on back-up systems, it could have mitigated the sudden drop in electricity frequency that escalated the crisis.

Government probe

National Grid gave its interim report on the blackout to energy watchdog Ofgem last Friday. The findings are expected to be published on Tuesday.

People waiting outside of King’s Cross station, London, as all services in and out of the station were suspended, after a large power cut [Photo: PA]A full report on the incident is expected by early September.

National Grid is also facing a separate government probe by the energy emergencies executive committee, the findings of which within the next 12 weeks.

Following the outage National Grid said the “unexpected and unusual event” had been caused by the loss of two generators which led to a steep drop in the grid’s overall frequency.

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