National Grid has reported a jump in annual profits to almost £4.6bn amid growing concern that it is not connecting renewable energy projects fast enough to meet the UK’s climate targets.
The FTSE 100 monopoly said its underlying operating profits climbed by 15% to £4.58bn for the financial year ending in March compared with the 12 months before.
This was driven by a surge in profits from its electricity distribution business which climbed by 39% from the previous year to £1.2bn for the year to the end of March. Read more: https://www.theguardian.com/…/national-grid-profits…
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