Annual reports and financial statements
The latest Annual Reports and Financial Statements available are for the year to 31 March 2024.
The Financial Statements are prepared under International Financial Reporting Standards (IFRS). The Statements for the individual companies are prepared under Financial Reporting Standard 101, which allows for reduced disclosure.
Following the acquisition of the WPD group by National Grid in June 2021, registered company legal names have changed at Companies House.
The group is headed by National Grid Electricity Distribution plc (formerly Western Power Distribution plc).
The principle operating companies in the group are:
National Grid Electricity Distribution (South West) plc, formerly Western Power Distribution (South West) plc
National Grid Electricity Distribution (South Wales) plc, formerly Western Power Distribution (South Wales) plc
National Grid Electricity Distribution (East Midlands) plc, formerly Western Power Distribution (East Midlands) plc
National Grid Electricity Distribution (West Midlands) plc, formerly Western Power Distribution (West Midlands) plc
| South West | South Wales | East Midlands | West Midlands | |
|---|---|---|---|---|
| 2024 Annual Report and Financial Statements | Download | Download | Download | Download |
2024 National Grid Electricity Distribution plc group Annual Report and Financial Statements.
Click here for NGED's Tax Strategy.
Click here for WPD's announcement of voluntary return of regulatory allowances April 2018.
Click here for the NGED Operating Companies Bond programme.
Click here for our EMTN Terms and Conditions Incorporated by Reference.
Click here for the NGED 2023 3.625% Bond prospectus.
Click here for the NGED 2026 3.500% Bond prospectus.
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National Grid Electricity Distribution (South West) plc (formerly Western Power Distribution (South West) Plc) were required to prepare and publish interim financial statements due to holding of debt issued on the London Stock Exchange. Please click here to view.