LSE:NG. 27 November 2025 - 14 December 2025

National Grid’s share price is back in focus today as the UK energy regulator Ofgem signs off a huge £28 billion funding package for Britain’s gas and electricity networks and confirms key parameters for the next transmission price-control period. Together with strong half‑year results, a new CEO and fresh AI initiatives in the US, the stock sits near its 12‑month highs – but with clear risks and only modest upside in most analyst models. Reuters+2Financial Times+2

National Grid plc is ending 2025 in a very “on-brand” way for a regulated utility: quietly near its 52‑week high, raising and spending astonishing sums of money, and sitting at the centre of almost every big energy-transition argument in the UK and US.