Jump to content

SWALEC: Difference between revisions

Add links
From Wikipedia, the free encyclopedia
Browse history interactively
← Previous editNext edit →
Content deleted Content added
VisualWikitext
Changing who runs the distribution network business today
Tags: Mobile edit Mobile web edit
(9 intermediate revisions by 6 users not shown)
Line 5: Line 5:
|name = SWALEC
|name = SWALEC
|logo = Swalec.jpg
|logo = Swalec.jpg
|logo_caption=The SWEB logo
|logo_caption=
|type = [[Subsidiary]]
|type = [[Subsidiary]]
|foundation =
|foundation =
Line 18: Line 18:
|homepage =
|homepage =
}}
}}
'''SWALEC''' was an electricity supply and distribution company in South Wales, established in 1989 following the de-regulation of the electricity supply industry in the United Kingdom. The business has seen several changes of ownership from 1996, and the SWALEC brand has been used for retail gas supply as well as electricity. Today [[Western Power Distribution]] owns the distribution network, and SWALEC is a trading name of [[OVO Energy]].
'''SWALEC''' was an electricity supply and distribution company in South Wales, established in 1989 following the de-regulation of the electricity supply industry in the United Kingdom. The business has seen several changes of ownership from 1996, and the SWALEC brand has been used for retail gas supply as well as electricity. Today [[National Grid plc|National Grid]] runs the distribution network business, and SWALEC Contracting is a trading name of [[OVO Energy]]. The name SWALEC is a [[Acronym|syllabic acronym]] of ''''S'''outh '''Wa'''les E'''lec'''tricity'.<ref>{{Cite web |title=SWALEC (SSE SWALEC) {{!}} Energy Suppliers |url=https://www.switchcraft.co.uk/energy-suppliers/swalec/ |access-date=2024-06-05 |website=Switchcraft |language=en-GB}}</ref>


==Predecessor==
==Predecessor==
Line 204: Line 204:


== Formation ==
== Formation ==
SWEB was privatised in 1989<ref>{{Cite web|last=|first=|date=|title=Western Power Distribution (South Wales) plc|url=https://find-and-update.company-information.service.gov.uk/company/02366985|url-status=live|archive-url=|archive-date=|access-date=2021-01-21|website=Companies House|language=en}}</ref> as '''South Wales Electricity''', one of the [[Public electricity supplier|regional companies]] created by the [[Electricity Act 1989]]. The company soon began to use the SWALEC brand.<ref>{{Cite web|last=|first=|date=|title=SWALEC|url=http://www.swalec.co.uk/|url-status=live|archive-url=https://web.archive.org/web/19980614083552/http://www.swalec.co.uk/|archive-date=14 June 1998|access-date=|website=}}</ref>
SWEB was privatised in 1989<ref>{{Cite web|last=|first=|date=|title=Western Power Distribution (South Wales) plc|url=https://find-and-update.company-information.service.gov.uk/company/02366985|archive-url=|archive-date=|access-date=2021-01-21|website=Companies House|language=en}}</ref> as '''South Wales Electricity''', one of the [[Public electricity supplier|regional companies]] created by the [[Electricity Act 1989]]. The company soon began to use the SWALEC brand.<ref>{{Cite web|last=|first=|date=|title=SWALEC|url=http://www.swalec.co.uk/|url-status=live|archive-url=https://web.archive.org/web/19980614083552/http://www.swalec.co.uk/|archive-date=14 June 1998|access-date=|website=}}</ref>


== Purchase and breakup ==
== Purchase and breakup ==
The business was bought in 1996 for £872m<ref>{{Cite web|last=Rodgers|first=Peter|date=1996|title=1,600 Swalec staff to share pounds 35m in takeover bonanza|url=https://www.independent.co.uk/news/business/1-600-swalec-staff-to-share-pounds-35m-in-takeover-bonanza-pounds-35m-b-onanza-1524210.html|url-status=live|archive-url=|archive-date=|access-date=21 January 2021|website=The Independent}}</ref> by newly privatised company [[Welsh Water]], which rebranded itself as [[Hyder (defunct company)|Hyder]]. The business plan was to make significant logistical savings by combining the field activities of electricity and water supply operations by co-locating in fewer offices and operational depots.
The business was bought in 1996 for £872m<ref>{{Cite web|last=Rodgers|first=Peter|date=1996|title=1,600 Swalec staff to share pounds 35m in takeover bonanza|url=https://www.independent.co.uk/news/business/1-600-swalec-staff-to-share-pounds-35m-in-takeover-bonanza-pounds-35m-b-onanza-1524210.html|archive-url=|archive-date=|access-date=21 January 2021|website=The Independent}}</ref> by newly privatised company [[Welsh Water]], which rebranded itself as [[Hyder (defunct company)|Hyder]]. The business plan was to make significant logistical savings by combining the field activities of electricity and water supply operations by co-locating in fewer offices and operational depots.


In 1997 SWALEC Gas was set up to take advantage of the deregulation of the gas market in the UK which took place in stages from 1997 to 1998. An advertising campaign was launched featuring [[Wimbledon F.C.]] and [[Wales national football team|Wales]] footballer [[Vinnie Jones]].
In 1997 SWALEC Gas was set up to take advantage of the deregulation of the gas market in the UK which took place in stages from 1997 to 1998. An advertising campaign was launched featuring [[Wimbledon F.C.]] and [[Wales national football team|Wales]] footballer [[Vinnie Jones]].
Line 215: Line 215:
In August 2000 [[Scottish and Southern Energy]] (SSE) agreed to buy the electricity and gas supply businesses from [[British Energy]] for a reported price of £210m. In September 2000, [[Western Power Distribution]] bought [[Hyder (defunct company)|Hyder]] for £565 million, sold Welsh Water and renamed [[Infralec]] to WPD South Wales.
In August 2000 [[Scottish and Southern Energy]] (SSE) agreed to buy the electricity and gas supply businesses from [[British Energy]] for a reported price of £210m. In September 2000, [[Western Power Distribution]] bought [[Hyder (defunct company)|Hyder]] for £565 million, sold Welsh Water and renamed [[Infralec]] to WPD South Wales.


SSE continued to use the SSE SWALEC brand name for the supply of electricity and gas in Wales. Following the sale of SSE's retail business to [[OVO Energy]] in 2020, SWALEC is a trading name of OVO.<ref>{{Cite web|last=|first=|date=|title=Privacy Policy|url=https://www.cms-app-prod.ovotech.org.uk/privacy-policy|url-status=live|archive-url=|archive-date=|access-date=2021-01-21|website=OVO Energy|language=en}}</ref>
SSE continued to use the SSE SWALEC brand name for the supply of electricity and gas in Wales. Following the sale of SSE's retail business to [[OVO Energy]] in 2020, SWALEC is a trading name of OVO.<ref>{{Cite web|last=|first=|date=|title=Privacy Policy|url=https://www.cms-app-prod.ovotech.org.uk/privacy-policy|archive-url=|archive-date=|access-date=2021-01-21|website=OVO Energy|language=en}}</ref>


From 1992 to 2013 SSE was the sponsor of Wales [[WRU Challenge Cup]], and the SWALEC name was attached to a range of league competitions and trophies administered by the [[Welsh Rugby Union]].<ref>{{Cite news|last=|first=|date=2006-07-12|title=WRU Challenge Cup archive|language=en-GB|work=BBC Sport|url=http://news.bbc.co.uk/sport2/hi/rugby_union/welsh/3104850.stm|url-status=live|access-date=2021-01-21}}</ref>
From 1992 to 2013 SSE was the sponsor of Wales [[WRU Challenge Cup]], and the SWALEC name was attached to a range of league competitions and trophies administered by the [[Welsh Rugby Union]].<ref>{{Cite news|last=|first=|date=2006-07-12|title=WRU Challenge Cup archive|language=en-GB|work=BBC Sport|url=http://news.bbc.co.uk/sport2/hi/rugby_union/welsh/3104850.stm|access-date=2021-01-21}}</ref>


== References ==
== References ==

Revision as of 17:39, 25 July 2024

SWALEC
Company typeSubsidiary
IndustryEnergy
Founded14 August 1947 Edit this on Wikidata
Defunct10 December 1993 Edit this on Wikidata
ProductsElectricity
ParentSouth Wales Electricity Board

SWALEC was an electricity supply and distribution company in South Wales, established in 1989 following the de-regulation of the electricity supply industry in the United Kingdom. The business has seen several changes of ownership from 1996, and the SWALEC brand has been used for retail gas supply as well as electricity. Today National Grid runs the distribution network business, and SWALEC Contracting is a trading name of OVO Energy. The name SWALEC is a syllabic acronym of 'South Wales Electricity'.[1]

Predecessor

The South Wales Electricity Board (SWEB) was formed in 1948 under the Electricity Act 1947, which brought about the nationalisation and merger of local authority and private electricity companies.

The SWEB was responsible for the purchase of electricity from the electricity generator (the Central Electricity Generating Board from 1958) and the distribution and sale of electricity to customers. The key members of the Board were: Chairman W.D.D. Fenton (1964, 1967), Deputy Chairman H. Pryce-Jones (1964, 1967), full-time member William E. Richardson (1964, 1967).[2]

The number of customers supplied by the Board was:[3][4]

SWEB customers, 1949–89
Year 1948/9 1960/1 1965/6 1970/1 1975/6 1978/9 1980/1 1985/6 1987/8 1988/9
No. of customers, 1000s 418 653 717 763 805 831 846 878 895 908


The amount of electricity, in GWh, sold by South Wales Electricity Board was:[3][4]

Formation

SWEB was privatised in 1989[5] as South Wales Electricity, one of the regional companies created by the Electricity Act 1989. The company soon began to use the SWALEC brand.[6]

Purchase and breakup

The business was bought in 1996 for £872m[7] by newly privatised company Welsh Water, which rebranded itself as Hyder. The business plan was to make significant logistical savings by combining the field activities of electricity and water supply operations by co-locating in fewer offices and operational depots.

In 1997 SWALEC Gas was set up to take advantage of the deregulation of the gas market in the UK which took place in stages from 1997 to 1998. An advertising campaign was launched featuring Wimbledon F.C. and Wales footballer Vinnie Jones.

Hyder encountered financial difficulties and in February 2000 the retail electricity and gas business under the SWALEC brand was sold to British Energy for a reported £105m. The sale included the SWALEC retail brand, whilst Hyder retained the SWALEC electricity distribution business (i.e., running the electricity network) which was renamed Infralec.

In August 2000 Scottish and Southern Energy (SSE) agreed to buy the electricity and gas supply businesses from British Energy for a reported price of £210m. In September 2000, Western Power Distribution bought Hyder for £565 million, sold Welsh Water and renamed Infralec to WPD South Wales.

SSE continued to use the SSE SWALEC brand name for the supply of electricity and gas in Wales. Following the sale of SSE's retail business to OVO Energy in 2020, SWALEC is a trading name of OVO.[8]

From 1992 to 2013 SSE was the sponsor of Wales WRU Challenge Cup, and the SWALEC name was attached to a range of league competitions and trophies administered by the Welsh Rugby Union.[9]

References

  1. ^ "SWALEC (SSE SWALEC) | Energy Suppliers". Switchcraft. Retrieved 5 June 2024.
  2. ^ Electricity Council publicity brochures 1964 and 1967
  3. ^ a b Electricity Council (1980). Handbook of Electricity Supply Statistics 1979. London: Electricity Council. pp. 58 63. ISBN 0851880762.
  4. ^ a b Electricity Council (1990). Handbook of Electricity Supply Statistics 1989. London: Electricity Council. pp. 51 56. ISBN 085188122X.
  5. ^ "Western Power Distribution (South Wales) plc". Companies House. Retrieved 21 January 2021.
  6. ^ "SWALEC". Archived from the original on 14 June 1998.
  7. ^ Rodgers, Peter (1996). "1,600 Swalec staff to share pounds 35m in takeover bonanza". The Independent. Retrieved 21 January 2021.
  8. ^ "Privacy Policy". OVO Energy. Retrieved 21 January 2021.
  9. ^ "WRU Challenge Cup archive". BBC Sport. 12 July 2006. Retrieved 21 January 2021.
Retrieved from "https://en.wikipedia.org/w/index.php?title=SWALEC&oldid=1236619601"