Annual Report and Accounts 2025/26

We Bring Energy to Power Possibilities

Welcome to our Annual Report. National Grid plays a vital role in energy systems in the UK and US, connecting sources of power to the customers that use them and shaping the future of our critical energy networks. Our Annual Report describes the strategic importance of our infrastructure and capabilities to economic growth and the customers we serve, and how we are focusing on execution to add capacity, strengthen resilience and reduce constraints under our new Chief Executive, Zoë Yujnovich.

Download report

We Bring Energy to Power Possibilities

Welcome to our Annual Report. National Grid plays a vital role in energy systems in the UK and US, connecting sources of power to the customers that use them and shaping the future of our critical energy networks. Our Annual Report describes the strategic importance of our infrastructure and capabilities to economic growth and the customers we serve, and how we are focusing on execution to add capacity, strengthen resilience and reduce constraints under our new Chief Executive, Zoë Yujnovich.

Download report

What's inside

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Strategic report

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Governance report

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Financial review and statements

Documents

    2025/26

    2025/26

    Name
    Annual Report and Accounts 2025/26
    Annual Report and Accounts 2025/26 – 20F
    Annual Report and Accounts 2025/26 – ESEF data files
    Annual Report and Accounts 2025/26 – Form 20-F XBRL data files
    2024/25

    2024/25

    Name
    Annual Report and Accounts 2024/25
    Annual Report and Accounts 2024/25 – 20F
    Annual Report and Accounts 2024/25 – ESEF data files
    Annual Report and Accounts 2024/25 – Form 20-F XBRL data files
    2023/24

    2023/24

    Name
    Annual Report and Accounts 2023/24
    Annual Report and Accounts 2023/24 – 20F
    Annual Report and Accounts 2023/34 - Form 20-F XBRL data files
    Annual Report and Accounts 2023/24 - ESEF data files
    2022-23

    2022-23

    Name
    Annual Report and Accounts 2022/23 - Interactive
    6 June 2023 - Notice of 2023 Annual General Meeting
    Annual Report and Accounts 2022/23 – 20F
    Annual Report and Accounts 2022/23 - Form 20-F XBRL data files
    2021-22

    2021-22

    Name
    Annual Report and Accounts 2021/22 - Interactive
    Annual Report and Accounts 2021/22
    7 June 2022 - Notice of 2022 Annual General Meeting
    Annual Report and Accounts 2021/22 - 20-F
    Annual Report and Accounts 2021/22 - Form 20-F XBRL data files
    ESEF 2021/22 data files
    2020-21

    2020-21

    Name
    Annual Report and Accounts 2020/21
    Annual Report and Accounts 2020/21 - Interactive
    Notice of 2021 Annual General Meeting - PDF
    Annual Report and Accounts 2020/21 - Form 20-F XBRL data files
    2019-20

    2019-20

    Name
    Annual Report and Accounts 2019/20 - 20-F
    Annual Report and Accounts 2019/20 - Form 20-F XBRL data files
    Annual Report and Accounts 2019/20 - Interactive
    Annual Report and Accounts 2019/20 - PDF
    Notice of 2020 Annual General Meeting - PDF
    2018-19

    2018-19

    Name
    Annual Report and Accounts 2018/19 - 20-F
    Annual Report and Accounts 2018/19 - Form 20-F XBRL data files
    Annual Report and Accounts 2018/19 - Interactive
    Annual Report and Accounts 2018/19 - PDF
    Notice of 2019 Annual General Meeting - PDF
    2017-18

    2017-18

    Name
    Annual Report and Accounts 2017/18 - Form 20-F XBRL data files
    Annual Report and Accounts 2017/18 - Interactive
    Annual Report and Accounts 2017/18 - PDF
    Notice of 2018 Annual General Meeting - PDF
    2016-17

    2016-17

    Name
    Annual Report and Accounts 2016/17 - 20-F
    Annual Report and Accounts 2016/17 - Interactive
    Annual Report and Accounts 2016/17 - PDF
    Future Energy Scenarios 2017
    Future Energy Scenarios 2017: FES in 5
    Notice of 2017 Annual General Meeting - PDF
    2015-16

    2015-16

    Name
    Annual Report and Accounts 2015/16 - 20-F
    Annual Report and Accounts 2015/16 - Interactive
    Annual Report and Accounts 2015/16 - PDF
    Future Energy Scenarios 2016
    Future Energy Scenarios 2016: Summary
    Notice of 2016 Annual General Meeting - PDF
    Winter Review & Consultation report 2016
    2014-15

    2014-15

    Name
    Annual Report and Accounts 2014/15 - Interactive
    Annual Report and Accounts 2014/15 - PDF
    Future Energy Scenarios 2015
    Future Energy Scenarios 2015: summary
    Notice of 2015 Annual General Meeting - PDF
    Winter Outlook Report 2014/15
    Winter Review & Consultation report 2015
    2013-14

    2013-14

    Name
    Annual Report and Accounts 2013/14 - Interactive
    Annual Report and Accounts 2013/14 - PDF
    Future Energy Scenarios 2014
    Future Energy Scenarios 2014: summary
    Notice of 2014 Annual General Meeting - PDF
    2012-13

    2012-13

    Name
    Annual Report and Accounts 2012/13 - Interactive
    Annual Report and Accounts 2012/13 - PDF
    Notice of 2013 Annual General Meeting - PDF
    Performance Summary 2012/13

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