National Grid (NG.)

Sector:

Utilities

Index:

FTSE 100

1,048.20p
   
  • Change Today:
      13.60p
  • 52 Week High: 1,067.40p
  • 52 Week Low: 778.00p
  • Currency: UK Pounds
  • Shares Issued: 3,508.27m
  • Volume: 10,003,550
  • Market Cap: £36,774m

National Grid wants Ofgem to retain incentive-based regulation

By Josh White

Date: Friday 15 Mar 2019

LONDON (ShareCast) - (Sharecast News) - National Grid confirmed on Friday that it had submitted its response to Ofgem on the sector specific methodology consultation for 'RIIO-T2'.
The FTSE 100 company said it believed the overall framework proposals set out by the regulator in the sector specific consultation were "a step in the right direction", but added that it was concerned that as currently set out, the proposals would not bring about the change consumers needed.

It said its vision was of an energy future where bills were kept low for consumers, energy was decarbonised, and innovation was encouraged, which together "supported the growth and prosperity" of the UK economy.

"In our response we outline the importance of a framework that fairly reflects the risk-return balance for consumers and investors alike," the National Grid board said in its statement.

"Specifically, we show that rectifying the individual errors in the current proposal, taking a balanced view of the full suite of evidence and removing the unjustified 50 basis points outperformance adjustment results in an allowed return on equity of 5.5% [on a] real RPI basis.

"We also highlight that incentive based regulation has driven at least £15bn of long term consumer value in electricity transmission over the last 25 years and encourage Ofgem to re-embrace the concept of incentivisation to deliver innovation and efficiency."

National Grid said the changes it proposed were in the long-term interests of consumers, and would better enable the transition to a "secure, resilient, low carbon energy" system.

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National Grid Market Data

Currency UK Pounds
Share Price 1,048.20p
Change Today 13.60p
% Change 1.31 %
52 Week High 1,067.40p
52 Week Low 778.00p
Volume 10,003,550
Shares Issued 3,508.27m
Market Cap £36,774m

National Grid Star Ratings

Compare performance with the sector and the market.
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Key: vs Market vs Sector
Value
47.62% above the market average47.62% above the market average47.62% above the market average47.62% above the market average47.62% above the market average
Sector averageSector averageSector averageSector averageSector average
Price Trend
75.19% above the market average75.19% above the market average75.19% above the market average75.19% above the market average75.19% above the market average
25.00% above the sector average25.00% above the sector average25.00% above the sector average25.00% above the sector average25.00% above the sector average
Income
44.04% above the market average44.04% above the market average44.04% above the market average44.04% above the market average44.04% above the market average
Sector averageSector averageSector averageSector averageSector average
Growth
75.22% below the market average75.22% below the market average75.22% below the market average75.22% below the market average75.22% 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

What The Brokers Say

Strong Buy 8
Buy 2
Neutral 6
Sell 1
Strong Sell 0
Total 17
buy
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National Grid Dividends

  Latest Previous
  Interim Final
Ex-Div 28-Nov-19 30-May-19
Paid 15-Jan-20 14-Aug-19
Amount 16.57p 31.26p

Trades for 26-Feb-2020

Time Volume / Share Price
16:35 3,764,075 @ 1,048.20p
16:29 313 @ 1,045.40p
16:29 194 @ 1,045.40p
16:29 500 @ 1,045.40p
16:29 236 @ 1,045.40p

National Grid Key Personnel

Chair Peter Gershon
CEO John Pettigrew
CFO Andrew Agg

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