National Grid (NG.)

Sector:

Utilities

Index:

FTSE 100

1,031.00p
   
  • Change Today:
    -40.50p
  • 52 Week High: 1,094.50
  • 52 Week Low: 838.40
  • Currency: UK Pounds
  • Shares Issued: 4,901.26m
  • Volume: 13,990,481
  • Market Cap: £50,532m
  • Beta: 0.02

National Grid submits plans to invest up to £35bn in network

By Frank Prenesti

Date: Wednesday 18 Dec 2024

LONDON (ShareCast) - (Sharecast News) - National Grid on Wednesday submitted plans to invest up to £35bn in Britain's electricity network over a five year period from April 2026.
The plan includes £11bn to maintain and upgrade existing networks, alongside construction works for the first three of its accelerated strategic transmission investment (ASTI) projects. A further £24bn has been allocated to future projects, including around £15bn to increase network capacity.

The company, which is responsible for maintaining the high-voltage electric power transmission network In England, Wales and Scotland, said the plan would help develop and deliver major network reinforcement and expansion projects and the upgrade of around 3,500km of existing overhead lines "nearly doubling the amount of power we can transfer around the country".

National Grid chief executive John Pettigrew said: "This plan represents the most significant step forward in the electricity network that we've seen in a generation."

"Through it we will nearly double the amount of energy that can be transported around the country, support the electrification of the industries of today and tomorrow; create new jobs; and support inward investment for the UK.

"It is an ambitious plan, set to future proof the network with strategic capacity and flexibility for the longer term. We've laid the foundations for its delivery through the steps we've already taken to progress ASTI projects, secure the supply chain, and fund the wider group. We have done this whilst keeping a relentless focus on consumer bills and affordability."

Reporting by Frank Prenesti for Sharecast.com

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National Grid Market Data

Currency UK Pounds
Share Price 1,031.00p
Change Today -40.50p
% Change -3.78 %
52 Week High 1,094.50
52 Week Low 838.40
Volume 13,990,481
Shares Issued 4,901.26m
Market Cap £50,532m
Beta 0.02

National Grid Star Ratings

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Key: vs Market vs Sector
Value
24.52% above the market average24.52% above the market average24.52% above the market average24.52% above the market average24.52% above the market average
71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average
Price Trend
55.25% above the market average55.25% above the market average55.25% above the market average55.25% above the market average55.25% above the market average
71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average
Income
31.60% above the market average31.60% above the market average31.60% above the market average31.60% above the market average31.60% above the market average
Sector averageSector averageSector averageSector averageSector average
Growth
75.55% below the market average75.55% below the market average75.55% below the market average75.55% below the market average75.55% below the market average
71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average

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National Grid Dividends

  Latest Previous
  Final Interim
Ex-Div 29-May-25 21-Nov-24
Paid 17-Jul-25 14-Jan-25
Amount 30.88p 15.84p

Trades for 29-May-2025

Time Volume / Share Price
15:15 0 @ 1,040.50p
15:10 2 @ 1,039.50p
15:07 0 @ 1,039.00p
15:07 0 @ 1,039.00p
15:07 1 @ 1,039.00p

National Grid Key Personnel

CEO John Pettigrew
CFO Andrew Agg

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