Close

Form 6-K NATIONAL GRID PLC For: Jun 29

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 4/25/2024

1. TSLA
2. ENPH
3. TXN
4. BA
5. SPOT
6. META
7. V
8. IBM
9. KMB
10. GM


June 29, 2022 11:24 AM EDT
 
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 6-K
REPORT OF FOREIGN ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
OF THE SECURITIES EXCHANGE ACT OF 1934
Date: 29 June 2022
Commission File Number: 001-14958

NATIONAL GRID plc
(Registrant’s Name)
 
1-3 Strand
London WC2N 5EH, England
(Registrant’s Address)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
☒  Form 20-F      ☐  Form 40-F
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):  ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):  ☐
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3- 2(b) under the Securities Exchange Act of 1934.  ☐  Yes    ☒  No
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): n/a


Please see Exhibit 99.1 Announcement sent to the London Stock Exchange on 29 June 2022 — 'RIIO–ED2 price control draft determinations published '


SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
NATIONAL GRID plc
By:/s/Ceri Jamond
_______________________
Ceri Jamond
Senior Assistant Company Secretary
Date:29 June 2022


 



EXHIBIT INDEX
 
Exhibit
No.
 
Description
 
Exhibit 99.1 Announcement sent to the London Stock Exchange on 29 June 2022 — 'RIIO–ED2 price control draft determinations published '

Exhibit 99.1
29 June 2022

National Grid plc
RIIO–ED2 price control draft determinations published
 
As part of its process for setting new price controls for electricity distribution companies, Ofgem has today published its draft determinations for RIIO–ED2 which will cover UK Electricity Distribution for the period from April 2023 to March 2028.

These draft determinations are the next step along the process towards agreeing a regulatory framework that will enable the delivery of critical investment required to maintain the UK’s progress to net zero, and follows the submission of our final business plan in December 2021. Against a backdrop of higher living costs for consumers, our plan set out our ambition to increase total investment levels, whilst delivering efficiencies, and keeping customer bills broadly flat in real terms, after adjusting for the move to CPIH.

We are working through the detail of these draft determinations, in particular the proposed reduction in totex across each operating company. As we move towards final determinations, we will work hard with Ofgem to ensure we agree a price control that meets the outcomes our customers have asked of us, including resilient and reliable networks, as well as enabling the transition to net zero. Final determinations are expected in December.


Enquiries:

Investors and Analysts
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) 7977 054 575



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

SEC Filings