National Grid share price flat as Ofgem cuts UK energy cap; focus shifts to grid costs
National Grid shares were flat at 1,372.5 pence Wednesday morning, trailing a stronger FTSE 100. Ofgem cut the UK household energy price cap by 7% for April-June but warned network charges will rise as grid upgrades begin feeding into bills. Berenberg raised its price target on National Grid to 1,300 pence, maintaining a neutral rating.