Company: NEWEN
Filing Date: 2025-12-04
Form Type: 6-K
Source: 0001654954-25-013665
Chunk: 1

Company: NATIONAL GRID PLC
Filing Date: 2025-12-04
Form: 6-K
Chunk 1
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 of equity of 6.12% at 60% gearing.

We welcome Ofgem's recognition of the need for significant investment into the electricity transmission sector to continue to deliver world leading reliability whilst nearly doubling the amount of power we can transfer around the country.

We will now review in detail the full package contained within the Final Determination, to assess how Ofgem have addressed the critical points we raised in our Draft Determination response, and therefore whether it delivers an overall framework that is both investable and workable. This includes an incentive framework that allows high performing networks to achieve a globally competitive overall return and totex mechanisms that enable transmission owners to recover the efficient cost of their investments whilst progressing projects at the pace expected by our stakeholders.

We expect Ofgem to publish the proposed licence modifications for consultation soon. These important documents will inform our assessment of the incentive opportunities and overall workability of the framework. Throughout this period we will continue to work closely with Ofgem ahead of publication of its decision on the licence in February. Relevant parties will then have 20 working days to assess the licence modifications. We anticipate announcing our response in early March 2026.

Enquiries and contacts

Investors and Analysts

| Angela  
 Broad   | +44 (0)      
 7825 351 918 |
| Tom     
 Edwards | +44 (0)      
 7976 962 791 |
| Cerys   
 Reece   | +44 (0)      
 7860 382 264 |

Media

| Alex               
 Roache             | +44 (0)      
 7843 802 006 |
| Ben                
 Davis              | +44 (0)      
 7914 539 999 |
| Dan                
 Roberts, Brunswick | +44 (0)      
 207 404 5959 |

#### 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',