National Grid plc (NG.L) has announced its RIIO-T3 business strategy for the National Grid Electricity Transmission (NGET), scheduled for April 2026 to March 2031. This comprehensive plan outlines a record-breaking investment of up to £35 billion over the five-year span.
The investment plan allocates over £11 billion towards the maintenance and upgrading of current networks and the development of the first three sanctioned Accelerated Strategic Transmission Investment (ASTI) projects. An additional £24 billion is earmarked for expanding network capacity, with £15 billion set aside for 14 more confirmed ASTI projects, along with potential projects that may arise from shifting UK government priorities.
The company emphasized that this ambitious strategy is a key contributor to its broader UK investment goals, aiming to support the creation of 55,000 new jobs by 2030.
National Grid expressed enthusiasm about continuing its dialogue with stakeholders ahead of Ofgem's draft determinations in the summer of 2025 and final determinations anticipated later that year.
The material has been provided by InstaForex Company - www.instaforex.com
The investment plan allocates over £11 billion towards the maintenance and upgrading of current networks and the development of the first three sanctioned Accelerated Strategic Transmission Investment (ASTI) projects. An additional £24 billion is earmarked for expanding network capacity, with £15 billion set aside for 14 more confirmed ASTI projects, along with potential projects that may arise from shifting UK government priorities.
The company emphasized that this ambitious strategy is a key contributor to its broader UK investment goals, aiming to support the creation of 55,000 new jobs by 2030.
National Grid expressed enthusiasm about continuing its dialogue with stakeholders ahead of Ofgem's draft determinations in the summer of 2025 and final determinations anticipated later that year.
The material has been provided by InstaForex Company - www.instaforex.com