Company: NEWEN
Filing Date: 2025-07-01
Form Type: 6-K
Source: 0001654954-25-007570
Chunk: 1

Company: NATIONAL GRID PLC
Filing Date: 2025-07-01
Form: 6-K
Chunk 1
---
 March 2031. This follows the submission of our final business plan in December, which was created through extensive engagement with national, regional and local stakeholders.

We are pleased to see Ofgem continuing to recognise the need for significant levels of investment in networks, and the requirement for an investable framework to support its delivery.

The Draft Determination covers Ofgem's proposed decisions on awarding allowances for a subset of the projects included in our submission, with the remainder expected to be confirmed through in-period processes. As such, we continue to expect to invest around £60 billion over the 5 years to March 2029 across the Group.

We will now review the detail contained within the Draft Determination to assess whether it delivers an investable overall financial package. We note that progress is needed on incentive opportunities which are both good for consumers and support investability, and we will work with Ofgem to provide further information where requested to support our capital investment plans.

As we move towards the Final Determination in December, we will continue working closely with Ofgem to agree a price control that ensures the reliable and affordable flow of clean electricity whilst also meeting the ramp-up in demand for power. A resilient, future-proofed network will be critical to economic competitiveness and growth for Britain in the years ahead.

Enquiries and contacts

Investors and Analysts:

| Angela 
 Broad  | +44 (0)      
 7825 351 918 |
| Cerys  
 Reece  | +44 (0)      
 7860 382 264 |

Media:

| Ben Davies | +44 (0) 7914 539 999 |

#### CAUTIONARY STATEMENT
This announcement contains certain statements that are neither reported financial results nor other historical information. These statements are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include information with respect to National Grid's (the Company) financial condition, its results of operations and businesses, strategy, plans and objectives. Words such as 'aims', 'anticipates', 'expects', 'should', 'intends', 'plans', 'believes', 'outlook', 'seeks', 'estimates', 'targets', 'may', 'will', 'continue', 'project' and similar expressions, as well as statements in the future tense, identify forward-looking statements. This document also references climate-related