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Prices & Quotes - UK Markets - National Grid (NG.)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 919.70p
Change Today:
5.40p
Market Cap:
32,697m
Sector:
Gas, Water & Multiutilities

Ofgem cuts returns from local electricity networks

By Sean Farrell

Date: Thursday 11 Mar 2021

LONDON (ShareCast) - (Sharecast News) - Ofgem has cut returns for shareholders of UK local electricity networks by a third to keep prices low while requiring higher investment in greener energy.
The UK energy regulator said it would boost investment in local electricity grids to power electric cars, small-scale renewables, storage and cleaner forms of heating. Surface transport and domestic heating account for 34% of the UK's greenhouse gas emissions.

Under the new price control regime shareholders' return on equity from local electricity networks will be a maximum of 4.4% - a third lower than the previous price control. Ofgem said it had set the rates of return consistent with the average for EU regulators to keep the UK as an attractive investment.

Jonathan Brearley, Ofgem's chief executive, said: "We're driving local electricity networks to help make sure that every watt of energy produced from plant to plug is better used, for example by ramping up their use of battery storage, saving bills and the planet.

"At the same time, these financial arrangements will significantly cut investor returns to make sure consumers pay a fair price for energy whilst networks attract the investment they need to be safe and green."

Shares of National Grid, which operates the electricity network in England and Wales, fell 0.7% to 835.6p at 10:26 GMT.



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National Grid Market Data

Currency UK Pounds
Price 919.70p
Change Today 5.40p
52 Week High 991.00p
52 Week Low 806.40p
Volume 6,631,324
Shares Issued 3,555.20m
Market Cap 32,697m
Beta 0.01

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What The Brokers Say

Strong Buy 12
Buy 2
Neutral 0
Sell 1
Strong Sell 0
Total 15
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

National Grid Dividends

  Latest Previous
  Interim Final
Ex-Div 26-Nov-20 02-Jul-20
Paid 13-Jan-21 19-Aug-20
Amount 17.00p 32.00p

Trades for 12-May-2021

Time Volume / Share Price
16:47 189,251 @ 921.00p
16:39 100,000 @ 919.00p
16:35 1,166 @ 919.70p
16:35 1,787,622 @ 919.70p
16:29 336 @ 920.70p

National Grid Key Personnel

Chair Peter Gershon
CEO John Pettigrew
CFO Andrew Agg