UK Power Networks workers threaten to strike over pay

Around 1,300 workers responsible for repairing, maintaining and administrating the electricity grid for London and the South East and East of England are being balloted for pay strike action which could begin in March.

Unite said the workers, employed by UK Power Networks, are angry that the company, which usually offers an annual wage rise that meets or exceeds RPI inflation, has put forward a much-reduced pay offer. 

This is despite UK Power Networks (owned by Hong Kong based conglomerate CK Group), having an average operating profit margin of over 50% between 2017 and 2021 – almost five times higher than the FTSE-100 average. During that period, the company made a massive £2.4 billion in profits, paid for by energy consumers through standing charges on their bills. 

Unite general secretary Sharon Graham said: “UK Power Networks’ rampant profiteering when people’s homes are freezing due to astronomical energy bills is a perfect illustration of why the UK’s economy is broken. And just because our members work on the power grid doesn’t mean they are exempt from the sky-high electricity bills that have helped plunge the country into crisis. 

“Putting forward a pay offer our members could accept would barely make a dent in UK Power Networks’ obscene profits. The company can afford to pay and must do so.”  

The company has put forward a two year pay deal for 2022/23 and 2023/24. This includes an already imposed seven per cent for the first year and an average of February 2023’s RPI and CPI inflation rates for the second. The deal is not worth 18 per cent as the company claim.

The workers voted in a consultative ballot by 98 per cent to reject the deal and will be balloted for formal industrial action between 7 February and 7 March.