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    NG.   GB00BDR05C01

NATIONAL GRID PLC

(NG.)
  Report
Real-time Estimate Cboe Europe  -  07:25:38 2023-02-07 am EST
1045.75 GBX   +0.55%
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National Grid : Ofgem's RIIO-ED2 Final Determination published - Form 6-K

11/30/2022 | 12:03pm EST
Ofgem's RIIO-ED2 Final Determination published
Ofgem has today published its Final Determination for the RIIO-ED2 framework covering our National Grid Electricity Distribution regulated businesses for the period April 2023 to March 2028.
We will now review in detail the full package contained within the Final Determination to see whether it incentivises sufficient investment to ensure safe, secure and reliable supply of electricity alongside the need to help transition to a low carbon domestic energy system, at the lowest cost to customers.
We expect Ofgem to publish its statutory consultation on the proposed licence modifications required to implement the Final Determination in December. The consultation period will be followed by a period for Ofgem to consider responses, at the end of which Ofgem will publish its decision to modify the licences. Given the expected timeline, we anticipate that we will make a decision on whether to accept or appeal the licence modifications by February 2023.
Enquiries andcontacts
Investors and Analyst:
Nick Ashworth +44 (0) 7814 355 590
Angela Broad +44 (0) 7825 351 918
James Flanagan +44 (0) 7970 778 952
Jonathan Clay +44 (0) 7899 928 247
Media:
Molly Neal +44 (0) 7583 102 727
Danielle Dominey-Kent +44 (0) 7812 485 153

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Disclaimer

National Grid plc published this content on 30 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 November 2022 17:02:13 UTC.


ę Publicnow 2022
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Analyst Recommendations on NATIONAL GRID PLC
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Financials
Sales 2023 18 981 M 22 815 M 22 815 M
Net income 2023 2 503 M 3 008 M 3 008 M
Net Debt 2023 42 141 M 50 652 M 50 652 M
P/E ratio 2023 15,2x
Yield 2023 5,31%
Capitalization 38 234 M 45 956 M 45 956 M
EV / Sales 2023 4,23x
EV / Sales 2024 4,19x
Nbr of Employees 29 292
Free-Float 93,0%
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Mean consensus OUTPERFORM
Number of Analysts 14
Last Close Price 1 040,00 GBX
Average target price 1 097,10 GBX
Spread / Average Target 5,49%
EPS Revisions
Managers and Directors
John Mark Pettigrew Chief Operating Officer-UK Gas Distribution
Andrew Jonathan Agg Chief Financial Officer & Executive Director
Paula Rosput Reynolds Chairman
Adriana Karaboutis Group Chief Information & Digital Officer
Lisa M. Lambert Chief Technology & Innovation Officer
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