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The Guardian - UK

Business

Alex Lawson Energy correspondent

Billionaire investor Křetínský and trader Vitol eye fortune in British power plant subsidies

Vitol Daniel Křetínský National Grid VPI

Power pylons at rye house plant in Hertfordshire. — Power pylons at rye house plant in Hertfordshire. Photograph: Martin Mayer/Alamy

The billionaire West Ham United investor Daniel Křetínský and Swiss commodities giant Vitol are among bidders hoping to land hundreds of millions of pounds in subsidies to keep the lights on in Great Britain.

National Grid’s electricity system operator is preparing to announce successful bidders in a “capacity market” auction this month for 2026.

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