National Grid’s New 2026 Grid Map Puts £70 Billion Upgrade Plan Under Fresh Investor Pressure
National Grid’s distribution arm published its 2026 Network Development Plan, outlining where local grid upgrades may be needed over the next decade. The release comes ahead of full-year results and after JPMorgan cut its price target to 1,440 pence. Shares rose 0.41% to 1,278.60 pence on Friday. Investors remain focused on U.S. storm costs, refund charges, and UK grid spending.