Utilities 3 March 2026 - 19 March 2026

United Utilities Group PLC’s £34m River Irwell Works Put Rising Water Bills to the Test
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United Utilities Group PLC’s £34m River Irwell Works Put Rising Water Bills to the Test

United Utilities is spending over £34 million on sewer and storm-tank upgrades around Bury, Prestwich, and Whitefield, aiming to cut storm overflows into the River Irwell. The largest project, a £28 million tank at Bury wastewater works, is due to finish in June 2026. Customers face a 9% average bill increase to £660 in 2026/27. Over 200,000 smart meters were installed in the past year.
April 26, 2026
National Grid plc Share Price Drops as Jefferies Downgrade and BoE Yield Jolt Hit Utility Stock
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National Grid plc Share Price Drops as Jefferies Downgrade and BoE Yield Jolt Hit Utility Stock

National Grid shares dropped 3.75% to 1,271.5 pence Thursday, following a 2.94% fall Wednesday on heavy trading. Jefferies downgraded the stock to Hold, citing valuation concerns and higher real rates. The Bank of England held rates steady, sending gilt yields to 4.38% and pressuring utilities. National Grid recently announced a £70 billion investment plan through 2031.
March 19, 2026
SSE share price slides as Ofgem RIIO‑T3 decision hits tape amid utilities rout
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SSE share price slides as Ofgem RIIO‑T3 decision hits tape amid utilities rout

SSE shares fell about 4% in early London trading Tuesday, dropping to around 2,587 pence after its transmission arm accepted Ofgem’s RIIO-T3 final determination. The move follows weakness across European utilities as investors monitor interest rate expectations and rising energy prices. SSE’s full-year results are due May 28. Total voting rights stood at 1,212,167,907 as of March 2.
March 3, 2026