National Grid PLC

NG.: XLON (GBR)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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National Grid: Raising Economic Moat Rating to Narrow and FVE to GBX 1,440; Shares Attractive

Tancrede Fulop

Mar 9, 2026

On March 2, National Grid accepted the final determination for the RIIO-T3 2026-31 regulatory period and rolled over its business plan to 2031, maintaining its annual asset growth guidance at about 10% but raising its EPS guidance to 8%-10% from 6%-8%.

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National Grid PLC

National Grid: Raising Economic Moat Rating to Narrow and FVE to GBX 1,440; Shares Attractive

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