National Grid PLC<\/a> has upgraded profit targets as it unveiled its new five-year investment plan and accepted the UK regulator\u2019s new price controls for its UK electricity transmission arm.<\/p>\nThe FTSE 100 group said it will invest at least \u00a370 billion between now and the end of the 2031 financial year, a 70% increase on the previous five years.<\/p>\n
That total includes about \u00a331 billion into UK electricity transmission, \u00a39 billion in UK distribution and almost \u00a329 billion across its US regulated businesses.<\/p>\n
The spending is expected to drive asset growth of around 10% a year, taking group assets to roughly \u00a3115 billion by 2031.<\/p>\n
Underlying earnings per share are targetted to grow 8-10% a year from a 2026 financial year baseline, more closely aligned with asset growth.<\/p>\n
National Grid said it aims to grow the dividend per share in line with UK CPIH inflation.<\/p>\n
Chief executive Zo\u00eb Yujnovich said the company is \u201cexpanding our record levels of investment to at least \u00a370 billion by FY31, driving around 10% asset growth and an upgraded underlying EPS CAGR of between 8 and 10%\u201d.<\/p>\n
For the financial year to March 2027, it now expects underlying earnings growth of 13-15%, reflecting higher allowed revenues under Ofgem’s RIIO-T3 price controls.<\/p>\n","protected":false},"excerpt":{"rendered":"National Grid lifts growth outlook as it accepts Ofgem framework Proactive uses images sourced from Shutterstock National Grid…\n","protected":false},"author":2,"featured_media":45470,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[21249],"tags":[21977,22957,22958,2580,1575,22959],"class_list":["post-45469","post","type-post","status-publish","format-standard","has-post-thumbnail","category-national-grid","tag-asset-growth","tag-electricity-transmission","tag-growth-outlook","tag-national-grid","tag-ofgem","tag-price-controls"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@UnitedKingdom\/116617575347698765","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/45469","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/comments?post=45469"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/45469\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media\/45470"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media?parent=45469"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/categories?post=45469"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/tags?post=45469"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"National](\"https:\/\/www.europesays.com\/britain\/wp-content\/uploads\/2026\/05\/c5205955614a072a9ce317c8b8182826.jpeg\")
National Grid lifts growth outlook as it accepts Ofgem framework Proactive uses images sourced from Shutterstock <\/p>\n