National Grid Transco (NGG) has released an update.
National Grid plc has expressed satisfaction with Ofgem’s Sector Specific Methodology Decision, which outlines the financial framework for the UK Electricity Transmission business from 2026 to 2031. Ofgem has proposed an initial cost of equity range of 4.57-6.35% for the upcoming RIIO-T3 regulatory period. National Grid plc will incorporate this methodology into their business plan and continue to engage with stakeholders to support the transition to a net zero energy system.
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