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National Grid Transco ( (NGG) ) has shared an update.
On December 4, 2025, National Grid plc announced that Ofgem has published its Final Determination for the RIIO-T3 framework, which will guide the company’s electricity transmission operations from April 2026 to March 2031. The determination includes a real allowed cost of equity of 6.12% at 60% gearing, recognizing the need for significant investment to enhance power transfer capabilities. National Grid will review the determination to assess its viability and workability, with a focus on the incentive framework and cost recovery mechanisms. The company anticipates further consultation on proposed licence modifications and plans to announce its response in early March 2026.
The most recent analyst rating on (NGG) stock is a Buy with a $84.00 price target. To see the full list of analyst forecasts on National Grid Transco stock, see the NGG Stock Forecast page.
Spark’s Take on NGG Stock
According to Spark, TipRanks’ AI Analyst, NGG is a Outperform.
National Grid Transco’s overall score reflects strong earnings call insights and technical momentum, balanced by financial performance challenges and moderate valuation. The company’s strategic investments and regulatory support are key strengths, while high capital expenditures and revenue pressures pose risks.
To see Spark’s full report on NGG stock, click here.
More about National Grid Transco
National Grid plc operates in the energy sector, focusing primarily on electricity transmission. The company is responsible for managing the electricity transmission network in England and Wales, ensuring reliable power delivery across the country.
Average Trading Volume: 658,981
Technical Sentiment Signal: Buy
Current Market Cap: $76.14B
For a thorough assessment of NGG stock, go to TipRanks’ Stock Analysis page.