Annual profits at the distributor of the UK’s electricity neared £5 billion today, and its boss said measures used to keep the lights on this winter by cutting demand were a “glimpse of the future” as the UK drops fossil fuels.
National Grid’s overall operating profit for 2023 hit £4.8 billion, up 12%, with profits from its core electricity distribution business surging by almost two-fifths to £1.2 billion.
