Join our community of smart investors

National Grid upgrades after UK power chaos

UK and US transmission and distribution giant sees earnings climb on WPD acquisition and power auction price hikes
National Grid upgrades after UK power chaos
  • National Grid says full-year numbers will be "significantly above" EPS growth targets
  • Auction prices from interconnector assets drive operating profit up 

National Grid (NG.) has increased its full-year profit expectations as the UK grapples with hefty increases in power prices. The transmission and power network company reported operating profit up by £100m more than expected, after electricity auction prices climbed and the early commissioning of a new interconnector, used to import power. 

To continue reading...
Join our Community of Smart Investors
  • Independent full-length company analysis
  • Actionable investment ideas and recommendations
  • Expert investment tools and data
  • Stock screens from Algy Hall
Have an account? Sign in