Abstract :
The National Grid Company has just over a years experience in running the England and Wales Grid System as a plc in a market led environment. The industry has been restructured for privatisation with NGC Holdings, owner of NGC plc, being jointly owned by the 12 Regional Electricity Companies. The successful flotation of the 12 Regional Electricity Companies at the end of 1990 included the businesses and assets of NGC. Here, the author describes the structure and operation of the NGC as part of the privatised UK electricity supply industry
