Training Example: National Grid – Review the Data, Give Your Score & Compare to the Real AI Evaluation

Industry Context — Common BS Fingerprints in Energy, Utilities & Environmental Services
Generic Claims: powering a sustainable future, saving the planet, affordable green energy, leading the energy transition…
Red Flags: no regulatory license number displayed, green claims without fuel mix disclosure, net zero claims without reduction pathway, carbon offset only strategy presented as carbon neutral…
Semantic Drift Patterns: homepage claims 100% renewable but tariff page shows mixed sources, green branding everywhere but sustainability report shows minimal renewable share, claims affordable but pricing is above market average, net zero commitment on homepage but no carbon reduction timeline…
Proof Expectations: Ofgem or regulatory license number, published fuel mix disclosure, specific carbon reduction targets with timelines, third-party sustainability certifications…

National Grid

(https://www.nationalgrid.com) 📸 Data Snapshot: May 16, 2026

Analyze the raw signals below. How would a machine score this business’s credibility?

Here are the exact signals captured from up to six pages of the site — the same raw inputs the evaluation engine analyzed. They are grouped by signal type so you can weigh each the way the machine does.

🏗️ Semantic Structure — heading hierarchy & page identity (Info Density · Commodity Fingerprint)
HOMEPAGE Welcome to National Grid Group (https://www.nationalgrid.com)
Title

Welcome to National Grid Group

Meta

National Grid is an energy company operating in the UK and the Northeast US. We deliver electricity and gas safely, reliably and efficiently to the customers and communities that we serve.

H1 Powering the things you love
H2 Be part of the energy future
H2 LionLink
H2 Ofgem's RIIO-T3 Final Determination
H2 National Grid joins Northern Powerhouse Partnership
H2 Europe’s largest diameter Vertical Shaft Sinking Machine launched
H2 Annual Report and Accounts
H2 Our leadership
H2 Putting our energy where it matters
H2 Take a journey behind the grid…
H2 Still studying?
H2 Recently graduated?
H2 Want to learn as you earn?
H2 Looking for a career change?
H2 Connections Reform
H2 Shareholder contacts
H2 Investor FAQs
H2 Managing your shareholding
H2 General meetings
H2 Company announcements
H2 Our RIIO-T3 business plan
H2 Receive our email alerts
H2 Event calendar
H2 Results centre
H2 Events and materials
H2 Analyst modelling
H2 Events and materials
H2 Annual Reports and Accounts
H2 Factsheets
H2 Individual bond information
H2 Debt information
H2 Green financing
H2 Be part of the energy future
H2 Connections Reform
H2 The Upstate Upgrade
H2 News hub
H2 Be part of the energy future
H2 Massachusetts Grid Modernization
H2 Massachusetts Grid Modernization
H2 2,500 Thanksgiving Meal Boxes for Long Island families
H2 Annual Report and Accounts
H2 Putting our energy where it matters
H2 Take a journey behind the grid…
H2 Shareholder contacts
H2 Investor FAQs
H2 Managing your shareholding
H2 General meetings
H2 Company announcements
H2 Our RIIO-T3 business plan
H2 Receive our email alerts
H2 Event calendar
H2 Results centre
H2 Events and materials
H2 Analyst modelling
H2 Events and materials
H2 Annual Reports and Accounts
H2 Factsheets
H2 Individual bond information
H2 Debt information
H2 Green financing
H2 Experiencing a power outage?
H2 What to do if you smell gas?
H2 The Upstate Upgrade
H2 News hub
H2 Be part of the energy future
H2 Experiencing a power outage?
H2 What to do if you smell gas?
H2 Be part of the energy future
H2 The Upstate Upgrade
H2 The Upstate Upgrade
H2 Energy Affordability Assistance in Massachusetts
H2 National Grid Launches AI-Powered Wildfire Risk Initiative with Rhizome
H2 Annual Report and Accounts
H2 Putting our energy where it matters
H2 Take a journey behind the grid…
H2 Shareholder contacts
H2 Investor FAQs
H2 Managing your shareholding
H2 General meetings
H2 Company announcements
H2 Our RIIO-T3 business plan
H2 Receive our email alerts
H2 Event calendar
H2 Results centre
H2 Events and materials
H2 Analyst modelling
H2 Events and materials
H2 Annual Reports and Accounts
H2 Factsheets
H2 Individual bond information
H2 Debt information
H2 Green financing
H2 Experiencing a power outage?
H2 Smell gas? Act fast
H2 Be part of the energy future
H2 Experiencing a power outage?
H2 Smell gas? Act fast
H2 Experiencing an outage?
H2 Need help connecting to the network?
H2 Your grid is getting an upgrade
H2 Learn about National Grid
H2 Full year results 2025/26
H2 What should I know about The Great Grid Upgrade?
H2 Reliable energy. Resilient networks. Ready for tomorrow.
H2 Innovating to solve everyday problems
H2 Putting our energy where it matters
H2 Our latest energy news, straight from the source
H3 The UK’s most powerful supercomputer connects to the grid
H3 The most significant step forward in the UK’s transmission network for a generation: RIIO-T3
H3 Annual report and accounts 2024/25
H3 Sign up to our LinkedIn newsletter for the latest global energy news
H4 United Kingdom
H4 New York
H4 Massachusetts
NAV_HEADER_HEADING_REPEATED_BODY Annual Report and Accounts 2024/25 | Building our energy future | National Grid (https://nationalgrid.com/investors/resources/reports-plc/)
Title

Annual Report and Accounts 2024/25 | Building our energy future | National Grid

Meta

Access the latest annual report and accounts for National Grid plc and its UK and US subsidiaries.

H1 Annual Report and Accounts 2024/25
H2 Be part of the energy future
H2 LionLink
H2 Ofgem's RIIO-T3 Final Determination
H2 National Grid joins Northern Powerhouse Partnership
H2 Europe’s largest diameter Vertical Shaft Sinking Machine launched
H2 Annual Report and Accounts
H2 Our leadership
H2 Putting our energy where it matters
H2 Take a journey behind the grid…
H2 Still studying?
H2 Recently graduated?
H2 Want to learn as you earn?
H2 Looking for a career change?
H2 Connections Reform
H2 Shareholder contacts
H2 Investor FAQs
H2 Managing your shareholding
H2 General meetings
H2 Company announcements
H2 Our RIIO-T3 business plan
H2 Receive our email alerts
H2 Event calendar
H2 Results centre
H2 Events and materials
H2 Analyst modelling
H2 Events and materials
H2 Annual Reports and Accounts
H2 Factsheets
H2 Individual bond information
H2 Debt information
H2 Green financing
H2 Be part of the energy future
H2 Connections Reform
H2 The Upstate Upgrade
H2 News hub
H2 Be part of the energy future
H2 Massachusetts Grid Modernization
H2 Massachusetts Grid Modernization
H2 2,500 Thanksgiving Meal Boxes for Long Island families
H2 Annual Report and Accounts
H2 Putting our energy where it matters
H2 Take a journey behind the grid…
H2 Shareholder contacts
H2 Investor FAQs
H2 Managing your shareholding
H2 General meetings
H2 Company announcements
H2 Our RIIO-T3 business plan
H2 Receive our email alerts
H2 Event calendar
H2 Results centre
H2 Events and materials
H2 Analyst modelling
H2 Events and materials
H2 Annual Reports and Accounts
H2 Factsheets
H2 Individual bond information
H2 Debt information
H2 Green financing
H2 Experiencing a power outage?
H2 What to do if you smell gas?
H2 The Upstate Upgrade
H2 News hub
H2 Be part of the energy future
H2 Experiencing a power outage?
H2 What to do if you smell gas?
H2 Be part of the energy future
H2 The Upstate Upgrade
H2 The Upstate Upgrade
H2 Energy Affordability Assistance in Massachusetts
H2 National Grid Launches AI-Powered Wildfire Risk Initiative with Rhizome
H2 Annual Report and Accounts
H2 Putting our energy where it matters
H2 Take a journey behind the grid…
H2 Shareholder contacts
H2 Investor FAQs
H2 Managing your shareholding
H2 General meetings
H2 Company announcements
H2 Our RIIO-T3 business plan
H2 Receive our email alerts
H2 Event calendar
H2 Results centre
H2 Events and materials
H2 Analyst modelling
H2 Events and materials
H2 Annual Reports and Accounts
H2 Factsheets
H2 Individual bond information
H2 Debt information
H2 Green financing
H2 Experiencing a power outage?
H2 Smell gas? Act fast
H2 Be part of the energy future
H2 Experiencing a power outage?
H2 Smell gas? Act fast
H2 2024/25
H2 2023/24
H2 2022-23
H2 2021-22
H2 2020-21
H2 2019-20
H2 2018-19
H2 2017-18
H2 2016-17
H2 2015-16
H2 2014-15
H2 2013-14
H2 2012-13
H3 Building our energy future
H3 Building our energy future
H3 Strategic report
H3 Governance report
H3 Financial review and statements
H3 Other reports
H4 United Kingdom
H4 New York
H4 Massachusetts
NAV_HEADER_HEADING_REPEATED Results centre | National Grid Investor Relations (https://nationalgrid.com/investors/events/results-centre/)
Title

Results centre | National Grid Investor Relations

Meta

We have announced our latest results. Click here to find out more and watch the live webcast presentation, followed by Q&A.

H1 Results centre
H2 Be part of the energy future
H2 LionLink
H2 Ofgem's RIIO-T3 Final Determination
H2 National Grid joins Northern Powerhouse Partnership
H2 Europe’s largest diameter Vertical Shaft Sinking Machine launched
H2 Annual Report and Accounts
H2 Our leadership
H2 Putting our energy where it matters
H2 Take a journey behind the grid…
H2 Still studying?
H2 Recently graduated?
H2 Want to learn as you earn?
H2 Looking for a career change?
H2 Connections Reform
H2 Shareholder contacts
H2 Investor FAQs
H2 Managing your shareholding
H2 General meetings
H2 Company announcements
H2 Our RIIO-T3 business plan
H2 Receive our email alerts
H2 Event calendar
H2 Results centre
H2 Events and materials
H2 Analyst modelling
H2 Events and materials
H2 Annual Reports and Accounts
H2 Factsheets
H2 Individual bond information
H2 Debt information
H2 Green financing
H2 Be part of the energy future
H2 Connections Reform
H2 The Upstate Upgrade
H2 News hub
H2 Be part of the energy future
H2 Massachusetts Grid Modernization
H2 Massachusetts Grid Modernization
H2 2,500 Thanksgiving Meal Boxes for Long Island families
H2 Annual Report and Accounts
H2 Putting our energy where it matters
H2 Take a journey behind the grid…
H2 Shareholder contacts
H2 Investor FAQs
H2 Managing your shareholding
H2 General meetings
H2 Company announcements
H2 Our RIIO-T3 business plan
H2 Receive our email alerts
H2 Event calendar
H2 Results centre
H2 Events and materials
H2 Analyst modelling
H2 Events and materials
H2 Annual Reports and Accounts
H2 Factsheets
H2 Individual bond information
H2 Debt information
H2 Green financing
H2 Experiencing a power outage?
H2 What to do if you smell gas?
H2 The Upstate Upgrade
H2 News hub
H2 Be part of the energy future
H2 Experiencing a power outage?
H2 What to do if you smell gas?
H2 Be part of the energy future
H2 The Upstate Upgrade
H2 The Upstate Upgrade
H2 Energy Affordability Assistance in Massachusetts
H2 National Grid Launches AI-Powered Wildfire Risk Initiative with Rhizome
H2 Annual Report and Accounts
H2 Putting our energy where it matters
H2 Take a journey behind the grid…
H2 Shareholder contacts
H2 Investor FAQs
H2 Managing your shareholding
H2 General meetings
H2 Company announcements
H2 Our RIIO-T3 business plan
H2 Receive our email alerts
H2 Event calendar
H2 Results centre
H2 Events and materials
H2 Analyst modelling
H2 Events and materials
H2 Annual Reports and Accounts
H2 Factsheets
H2 Individual bond information
H2 Debt information
H2 Green financing
H2 Experiencing a power outage?
H2 Smell gas? Act fast
H2 Be part of the energy future
H2 Experiencing a power outage?
H2 Smell gas? Act fast
H2 Archive
H3 FY26 Statement
H3 FY26 Presentation
H3 FY26 Analyst consensus
H3 FY26 Debt presentation
H3 FY26 Transcript
H4 United Kingdom
H4 New York
H4 Massachusetts
NAV_HEADER_HEADING_REPEATED_BODY Our Company | National Grid (https://nationalgrid.com/our-company/)
Title

Our Company | National Grid

Meta

National Grid lies at the heart of a transforming energy system. Our business areas play a vital role in connecting millions of people to the energy they use, while continually seeking ways to make the energy system cleaner.

H1 Our responsibility
H2 Be part of the energy future
H2 LionLink
H2 Ofgem's RIIO-T3 Final Determination
H2 National Grid joins Northern Powerhouse Partnership
H2 Europe’s largest diameter Vertical Shaft Sinking Machine launched
H2 Annual Report and Accounts
H2 Our leadership
H2 Putting our energy where it matters
H2 Take a journey behind the grid…
H2 Still studying?
H2 Recently graduated?
H2 Want to learn as you earn?
H2 Looking for a career change?
H2 Connections Reform
H2 Shareholder contacts
H2 Investor FAQs
H2 Managing your shareholding
H2 General meetings
H2 Company announcements
H2 Our RIIO-T3 business plan
H2 Receive our email alerts
H2 Event calendar
H2 Results centre
H2 Events and materials
H2 Analyst modelling
H2 Events and materials
H2 Annual Reports and Accounts
H2 Factsheets
H2 Individual bond information
H2 Debt information
H2 Green financing
H2 Be part of the energy future
H2 Connections Reform
H2 The Upstate Upgrade
H2 News hub
H2 Be part of the energy future
H2 Massachusetts Grid Modernization
H2 Massachusetts Grid Modernization
H2 2,500 Thanksgiving Meal Boxes for Long Island families
H2 Annual Report and Accounts
H2 Putting our energy where it matters
H2 Take a journey behind the grid…
H2 Shareholder contacts
H2 Investor FAQs
H2 Managing your shareholding
H2 General meetings
H2 Company announcements
H2 Our RIIO-T3 business plan
H2 Receive our email alerts
H2 Event calendar
H2 Results centre
H2 Events and materials
H2 Analyst modelling
H2 Events and materials
H2 Annual Reports and Accounts
H2 Factsheets
H2 Individual bond information
H2 Debt information
H2 Green financing
H2 Experiencing a power outage?
H2 What to do if you smell gas?
H2 The Upstate Upgrade
H2 News hub
H2 Be part of the energy future
H2 Experiencing a power outage?
H2 What to do if you smell gas?
H2 Be part of the energy future
H2 The Upstate Upgrade
H2 The Upstate Upgrade
H2 Energy Affordability Assistance in Massachusetts
H2 National Grid Launches AI-Powered Wildfire Risk Initiative with Rhizome
H2 Annual Report and Accounts
H2 Putting our energy where it matters
H2 Take a journey behind the grid…
H2 Shareholder contacts
H2 Investor FAQs
H2 Managing your shareholding
H2 General meetings
H2 Company announcements
H2 Our RIIO-T3 business plan
H2 Receive our email alerts
H2 Event calendar
H2 Results centre
H2 Events and materials
H2 Analyst modelling
H2 Events and materials
H2 Annual Reports and Accounts
H2 Factsheets
H2 Individual bond information
H2 Debt information
H2 Green financing
H2 Experiencing a power outage?
H2 Smell gas? Act fast
H2 Be part of the energy future
H2 Experiencing a power outage?
H2 Smell gas? Act fast
H2 We've always powered what's possible
H2 Delivering for you
H2 What you need to know about National Grid
H2 Innovating at the speed of change
H2 We're turning ambition into action
H2 Our latest energy news, straight from the source
H3 What we do in the UK and US
H3 Our business areas
H3 Our vision, values and code of ethics
H3 Our leadership team
H3 Investors
H3 Our history
H3 Environment
H3 Our people
H3 Communities
H3 The UK’s most powerful supercomputer connects to the grid
H3 Electric worker scholarship open for applicants
H3 Putting our energy where it matters
H3 Sign up to our LinkedIn newsletter for the latest global energy news
H4 United Kingdom
H4 New York
H4 Massachusetts
NAV_HEADER_HEADING_REPEATED Access denied | National Grid (https://nationalgrid.com/media-centre/)
Title

Access denied | National Grid

H2 Be part of the energy future
H2 LionLink
H2 Ofgem's RIIO-T3 Final Determination
H2 National Grid joins Northern Powerhouse Partnership
H2 Europe’s largest diameter Vertical Shaft Sinking Machine launched
H2 Annual Report and Accounts
H2 Our leadership
H2 Putting our energy where it matters
H2 Take a journey behind the grid…
H2 Still studying?
H2 Recently graduated?
H2 Want to learn as you earn?
H2 Looking for a career change?
H2 Connections Reform
H2 Shareholder contacts
H2 Investor FAQs
H2 Managing your shareholding
H2 General meetings
H2 Company announcements
H2 Our RIIO-T3 business plan
H2 Receive our email alerts
H2 Event calendar
H2 Results centre
H2 Events and materials
H2 Analyst modelling
H2 Events and materials
H2 Annual Reports and Accounts
H2 Factsheets
H2 Individual bond information
H2 Debt information
H2 Green financing
H2 Be part of the energy future
H2 Connections Reform
H2 The Upstate Upgrade
H2 News hub
H2 Be part of the energy future
H2 Massachusetts Grid Modernization
H2 Massachusetts Grid Modernization
H2 2,500 Thanksgiving Meal Boxes for Long Island families
H2 Annual Report and Accounts
H2 Putting our energy where it matters
H2 Take a journey behind the grid…
H2 Shareholder contacts
H2 Investor FAQs
H2 Managing your shareholding
H2 General meetings
H2 Company announcements
H2 Our RIIO-T3 business plan
H2 Receive our email alerts
H2 Event calendar
H2 Results centre
H2 Events and materials
H2 Analyst modelling
H2 Events and materials
H2 Annual Reports and Accounts
H2 Factsheets
H2 Individual bond information
H2 Debt information
H2 Green financing
H2 Experiencing a power outage?
H2 What to do if you smell gas?
H2 The Upstate Upgrade
H2 News hub
H2 Be part of the energy future
H2 Experiencing a power outage?
H2 What to do if you smell gas?
H2 Be part of the energy future
H2 The Upstate Upgrade
H2 The Upstate Upgrade
H2 Energy Affordability Assistance in Massachusetts
H2 National Grid Launches AI-Powered Wildfire Risk Initiative with Rhizome
H2 Annual Report and Accounts
H2 Putting our energy where it matters
H2 Take a journey behind the grid…
H2 Shareholder contacts
H2 Investor FAQs
H2 Managing your shareholding
H2 General meetings
H2 Company announcements
H2 Our RIIO-T3 business plan
H2 Receive our email alerts
H2 Event calendar
H2 Results centre
H2 Events and materials
H2 Analyst modelling
H2 Events and materials
H2 Annual Reports and Accounts
H2 Factsheets
H2 Individual bond information
H2 Debt information
H2 Green financing
H2 Experiencing a power outage?
H2 Smell gas? Act fast
H2 Be part of the energy future
H2 Experiencing a power outage?
H2 Smell gas? Act fast
H4 United Kingdom
H4 New York
H4 Massachusetts
NAV_HEADER_REPEATED Landowners and occupiers (grantors) | National Grid (https://nationalgrid.com/electricity-transmission/grantors/)
Title

Landowners and occupiers (grantors) | National Grid

Meta

Welcome to our website area for our landowners and occupiers – our 'grantors'. Whether you are a new or existing grantor, or you own or occupy land close to our electricity apparatus, you should find everything you need to know within this section.

H1 Landowners and occupiers (grantors)
H2 Be part of the energy future
H2 LionLink
H2 Ofgem's RIIO-T3 Final Determination
H2 National Grid joins Northern Powerhouse Partnership
H2 Europe’s largest diameter Vertical Shaft Sinking Machine launched
H2 Annual Report and Accounts
H2 Our leadership
H2 Putting our energy where it matters
H2 Take a journey behind the grid…
H2 Still studying?
H2 Recently graduated?
H2 Want to learn as you earn?
H2 Looking for a career change?
H2 Connections Reform
H2 Shareholder contacts
H2 Investor FAQs
H2 Managing your shareholding
H2 General meetings
H2 Company announcements
H2 Our RIIO-T3 business plan
H2 Receive our email alerts
H2 Event calendar
H2 Results centre
H2 Events and materials
H2 Analyst modelling
H2 Events and materials
H2 Annual Reports and Accounts
H2 Factsheets
H2 Individual bond information
H2 Debt information
H2 Green financing
H2 Be part of the energy future
H2 Connections Reform
H2 The Upstate Upgrade
H2 News hub
H2 Be part of the energy future
H2 Massachusetts Grid Modernization
H2 Massachusetts Grid Modernization
H2 2,500 Thanksgiving Meal Boxes for Long Island families
H2 Annual Report and Accounts
H2 Putting our energy where it matters
H2 Take a journey behind the grid…
H2 Shareholder contacts
H2 Investor FAQs
H2 Managing your shareholding
H2 General meetings
H2 Company announcements
H2 Our RIIO-T3 business plan
H2 Receive our email alerts
H2 Event calendar
H2 Results centre
H2 Events and materials
H2 Analyst modelling
H2 Events and materials
H2 Annual Reports and Accounts
H2 Factsheets
H2 Individual bond information
H2 Debt information
H2 Green financing
H2 Experiencing a power outage?
H2 What to do if you smell gas?
H2 The Upstate Upgrade
H2 News hub
H2 Be part of the energy future
H2 Experiencing a power outage?
H2 What to do if you smell gas?
H2 Be part of the energy future
H2 The Upstate Upgrade
H2 The Upstate Upgrade
H2 Energy Affordability Assistance in Massachusetts
H2 National Grid Launches AI-Powered Wildfire Risk Initiative with Rhizome
H2 Annual Report and Accounts
H2 Putting our energy where it matters
H2 Take a journey behind the grid…
H2 Shareholder contacts
H2 Investor FAQs
H2 Managing your shareholding
H2 General meetings
H2 Company announcements
H2 Our RIIO-T3 business plan
H2 Receive our email alerts
H2 Event calendar
H2 Results centre
H2 Events and materials
H2 Analyst modelling
H2 Events and materials
H2 Annual Reports and Accounts
H2 Factsheets
H2 Individual bond information
H2 Debt information
H2 Green financing
H2 Experiencing a power outage?
H2 Smell gas? Act fast
H2 Be part of the energy future
H2 Experiencing a power outage?
H2 Smell gas? Act fast
H2 How to contact us if you are a grantor
H2 Further reading for grantors
H2 Frequently asked questions
H2 Our Grantor Charter
H3 Phone: 0800 389 5113 (9-5 Monday to Thursday and 9-4 Fridays)Email: [email protected]
H4 United Kingdom
H4 New York
H4 Massachusetts
📝 The Narrative — clean text per page (Info Density · Semantic Coherence)
HOMEPAGE (https://www.nationalgrid.com) Welcome to National Grid Group
[H1] Powering the things you love
What can we help you with today?
Tab through the cards
[H2] Experiencing an outage?
Call 105 or click here to access our live power cuts map.

[H2] Need help connecting to the network?
Learn how to get connected to our network.

[H2] Your grid is getting an upgrade
Discover more about The Great Grid Upgrade.

[H2] Learn about National Grid
Find out about our pivotal role in the energy industry.

Discover our projects Cross Border Connection

RIIO T3
Learn more

[H2] Reliable energy. Resilient networks. Ready for tomorrow.
Whether it's the lights, fridges or screens in your home, or the computers, tools and machines that drive your business, we're here to ensure your electricity keeps flowing.
With global electricity consumption expected to more than double by 2050, we're adapting and innovating on the network. It takes engineers, scientists, designers, planners, builders, policymakers, communities and citizens working together to make it happen.
Learn more

[IMG: Innovating to solve problems]

[IMG: Putting our energy where it matters]
Tab through the cards
[H2] Our latest energy news, straight from the source

[H3] The UK’s most powerful supercomputer connects to the grid

[H3] The most significant step forward in the UK’s transmission network for a generation: RIIO-T3

[H3] Annual report and accounts 2024/25

[H3] Sign up to our LinkedIn newsletter for the latest global energy news
1489 chars
SUB-PAGE (https://nationalgrid.com/investors/resources/reports-plc/) Annual Report and Accounts 2024/25 | Building our energy future | National Grid
[H1] Annual Report and Accounts 2024/25

[H3] Building our energy future
Welcome to our Annual Report. Our aim is to be at the heart of a secure, affordable and clean energy future. Our Annual Report describes the vital role we play in energy systems, working with the wider energy industry, governments, regulators, and the customers and communities we serve, to build our energy future. Download report
[H3] Building our energy future
Welcome to our Annual Report. Our aim is to be at the heart of a secure, affordable and clean energy future. Our Annual Report describes the vital role we play in energy systems, working with the wider energy industry, governments, regulators, and the customers and communities we serve, to build our energy future. Download report
[H1] What's inside

[H2]

[IMG: glightbox image]

[H3] Strategic report

[IMG: glightbox image]

[H3] Governance report

[IMG: glightbox image]

[H3] Financial review and statements

[H1] Documents
2024/25
[H2] 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
[H2] 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
[H2] 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
[H2] 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
[H2] 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
[H2] 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
[H2] 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
[H2] 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
[H2] 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
[H2] 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
[H2] 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
[H2] 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
[H2] 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

View archive
[H2]
[H3] Other reports
UK US
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SUB-PAGE (https://nationalgrid.com/investors/events/results-centre/) Results centre | National Grid Investor Relations
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[H1] Results centre
Download materials from our latest results announcement.

[H1] Full year results 2025/26
On 14 May 2026, CEO, Zoë Yujnovich and CFO, Andy Agg presented our full year results. Watch the replay of the webcast and Q&A. Watch replay
[H2]

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[H3] FY26 Statement
Read our full year results statement for the period ending 31 March 2026
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[H3] FY26 Presentation
Access the slides from the live presentation
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[H3] FY26 Analyst consensus
See the latest full year consensus estimates from our analysts
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[H3] FY26 Debt presentation
See the slides from our debt investors presentation
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[H3] FY26 Transcript
Read the transcript from our full year results presentation.
[H2] Archive
Half year results 2025-26 StatementPresentationAnalysts consensusFactsheetTranscriptDebt presentationWatch webcast
Full year results 2024-25 StatementPresentationAnalysts consensusFactsheetTranscriptDebt presentationWatch webcast
Half year results 2024-25 StatementPresentationAnalysts consensusFactsheetTranscriptDebt presentationWatch the webcast
Full year results 2023-24 StatementPresentationAnalysts consensusFactsheetTranscriptDebt presentationWatch the webcastHighlights video
Half year results 2023-24 StatementPresentationAnalysts consensusFactsheetTranscriptDebt presentationWatch the webcast
Full year results 2022-23 StatementPresentationAnalysts consensusFactsheetTranscriptDebt presentationWatch the webcastHighlights video
Half year results 2022-23 Statement
Presentation
Analysts consensus
Factsheet
Transcript
Debt presentation
Watch the webcast

Full year results 2021-22 Statement
Presentation
Analysts consensus
Factsheet
Transcript
Debt presentation

Half year results 2021-22 Statement
Presentation
Analysts consensus
Factsheet
Transcript
Debt presentation

Full year results 2020-21 Statement
Presentation
Analysts consensus
Factsheet
Transcript
Debt presentation

Half year results 2020-21 Statement
Presentation
Analysts consensus
Factsheet
Transcript
Debt presentation
Debt call

Full year results 2019-20 Statement
Presentation
Analysts consensus
Factsheet
Transcript
Debt presentation
Debt call

Half year results 2019-20 Statement
Presentation
Analysts consensus
Factsheet
Transcript
Debt presentation
Debt call

Full year results 2018-19 Statement
Presentation
Analysts consensus
Factsheet
Transcript
Debt presentation
Debt call

Half year results 2018-19 Statement
Presentation
Analysts consensus
Factsheet
Transcript
Debt presentation
Debt call

Full year results 2017-18 Statement
Presentation
Analysts consensus
Factsheet
Transcript
Debt presentation
Debt call

Half year results 2017-18 Statement
Presentation
Analysts consensus
Factsheet
Transcript
Debt presentation
Debt call

Full year results 2016-17 Statement
Presentation
Analysts consensus
Factsheet
Transcript
Debt presentation
Debt call

Half year results 2016-17 Statement
Presentation
Analysts consensus
Factsheet
Transcript

Full year results 2015-16 Statement
Presentation
Analysts consensus
Factsheet
Transcript
Debt presentation
Debt call

Half year results 2015-16 Statement
Presentation
Analysts consensus
Factsheet
Transcript
Debt presentation
Debt call
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SUB-PAGE (https://nationalgrid.com/our-company/) Our Company | National Grid
Building for a new energy era We're transforming our energy networks in the UK and US to meet the energy future.
From the lights, heating, fridges and screens in your home to the computers, tools and machines that drive your business, we keep your energy flowing. The reliability and resilience of our network is our backbone.
But our work isn’t just about upgrading infrastructure. It creates opportunity. We’re fueling new jobs, powering economic growth and helping our communities thrive. And we’re doing it with new ideas and technologies to keep pace with the demands of life and unlock the future of energy for our customers. We're transforming our energy networks in the UK and US to meet the energy future.
From the lights, heating, fridges and screens in your home to the computers, tools and machines that drive your business, we keep your energy flowing. The reliability and resilience of our network is our backbone.
But our work isn’t just about upgrading infrastructure. It creates opportunity. We’re fueling new jobs, powering economic growth and helping our communities thrive. And we’re doing it with new ideas and technologies to keep pace with the demands of life and unlock the future of energy for our customers.
[H2] We've always powered what's possible
Innovation is in our DNA.
We built the first connected electric grid in the world and we haven’t stopped since.
Today, we continue to anticipate tomorrow to deliver a better energy future for our customers and communities.
Innovation at National Grid

[H2] Delivering for you
Our vision is reliable energy and resilient networks that are ready for tomorrow. And we back it up with a plan. How are we leading the way to a new energy era? We're investing in its future. Learn more about National Grid’s innovative role in the energy industry. Read our Annual Business Report
Tab through the cards
[H2] What you need to know about National Grid

[H3] What we do in the UK and US

[H3] Our business areas

[H3] Our vision, values and code of ethics

[H3] Our leadership team

[H3] Investors

[H3] Our history

[H3] Environment
We’re building new network infrastructure to deliver a secure, affordable and more resilient energy future for our customers and communities while at the same time working hard to reduce our impact on the environment.

[H3] Our people
We’re investing in a workforce where all can thrive. Our colleagues across the UK and US are the driving force behind our business. We invest in attracting and retaining a workforce where all feel welcome and are able to do their best work.

[H3] Communities
We’re focused on building the necessary infrastructure across the UK and US while supporting our customers and communities.
Saving UK consumers £20 million per year, LineVision Dynamic Line Rating (DLR) technology was installed on the grid to increase the capacity of more than 275 kilometres of overhead line conductors. 275 kilometres The world's first 100% hydrogen-fueled commercial linear generator was installed by National Grid Ventures at the Northport Power Station in New York. 1st hydrogen-fueled commercial linear generator A first for the UK energy sector: National Grid and partners pioneered 3D-printed substations, using low-carbon concrete. 3D printed substation foundations using low-carbon concrete We’re the world’s largest operator of subsea power cables, operating six interconnectors with a total capacity of 7.8GW - enough to power nearly 8 million homes in the UK. 7.8GW interconnector capacity
Tab through the cards
[H2] Our latest energy news, straight from the source

[H3] The UK’s most powerful supercomputer connects to the grid

[H3] Electric worker scholarship open for applicants

[H3] Putting our energy where it matters

[H3] Sign up to our LinkedIn newsletter for the latest global energy news
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SUB-PAGE · THIN (https://nationalgrid.com/media-centre/) Access denied | National Grid
Skip to main content

You are not authorised to access this page.
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SUB-PAGE (https://nationalgrid.com/electricity-transmission/grantors/) Landowners and occupiers (grantors) | National Grid
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[H1] Landowners and occupiers (grantors)
Welcome to our website area for our landowners and occupiers - our 'grantors'. Whether you are a new or existing grantor, or you own or occupy land close to our electricity apparatus, you should find everything you need to know within this section.
This web page is for our National Grid Electricity Transmission (NGET) landowners and occupiers – also known as grantors – that is if you have towers (pylons), overhead lines, or underground cables running across or in your land.
[H2] How to contact us if you are a grantor
We're committed to maintaining successful working relationships with our grantors, and our regional land officers are your day-to-day point of contact for any queries. You can also get in touch with our Grantor Relations Team if you have any questions about electricity equipment, maintenance or refurbishment plans in your area, or need information about payments.However, before contacting our team, please visit our FAQs page (see the link opposite) to answer any queries you may have. If you still need help, then please contact our Grantor Relations Team in the following ways:

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[H3] Phone: 0800 389 5113 (9-5 Monday to Thursday and 9-4 Fridays)Email: [email protected]

[H2] Further reading for grantors
Please visit our further reading page which includes a range of publications and resources where you can find out more information about grantor-related issues.
Further reading
[H2] Frequently asked questions
Please visit our FAQs page to help answer any questions you may have about grantor related topics before contacting our Grantor Relations team. Visit our FAQs page
[H2] Our Grantor Charter
Our Grantor Charter explains our commitments to landowners with National Grid assets on their property. It covers how we’ll communicate, work safely, and respect your land, as well as what we ask from you.To read the Grantor Charter, please open the PDF documents below, available in both English and Welsh.Grantor CharterEin Siarter Grantwr

[H1] Enquiries about working near our assets
If you have any questions or need more information about working near our network assets, please contact the National Grid Asset Protection team or submit an enquiry via the Linesearch  website.Linesearch provides search facilities for our assets so you can:check if your works will affect our transmission networkfind out if it's safe to dig before you start worksfind out where NGET's buried electricity cables are locatedidentify where NGET's overhead lines are located and request line profile drawings and safety guidance.Phone: 0800 001 4282 (Asset Protection)Email:  [email protected]For domestic enquiries, such as metering or power cuts, please contact your local electricity distribution operator, which can be found on the ENA website.
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🛡️ Trust Signals — reviews, proof links, trust-theatre flag (Trust & Proof)
262Review mentions (all pages)
6External proof links (all pages)
PageReviewsProof links
/ (home) 43 1
/investors/resources/reports-plc/ 48 1
/investors/events/results-centre/ 42 1
/our-company/ 45 1
/media-centre/ 42 1
/electricity-transmission/grantors/ 42 1
🔗 Identity & Technical Layer — schema JSON-LD: identity chains, entity gaps (Identity & Authority)
Homepage — no schema detected (entity gap)
/investors/resources/reports-plc/ — no schema detected (entity gap)
/investors/events/results-centre/ — no schema detected (entity gap)
/our-company/ — no schema detected (entity gap)
/media-centre/ — no schema detected (entity gap)
/electricity-transmission/grantors/ — no schema detected (entity gap)

Your Diagnosis

Before revealing the machine’s verdict, predict the BS score for each signal. Higher = more BS (more fluff, less verifiable substance). Drag each slider, then submit to compare your judgment against the engine.

Information Density 0 / 30
Read the Narrative & headings: do hard facts (prices, dates, numbers) outweigh fluff power-words?
Semantic Coherence 0 / 20
Compare the homepage promise against the sub-page reality. Do they hold the same line?
Trust & Proof 0 / 20
Weigh review mentions against actual external proof links. Claims without verification = theatre.
Commodity Fingerprint 0 / 15
Check headings & narrative against the industry clichés in the setup above.
Identity & Authority 0 / 15
Inspect the schema: is there real Organization/Person identity with sameAs links, or gaps?
Your predicted BS score 0 / 100
💡 Stuck? Reveal the heuristic lens — how the deterministic page-auditor reads each signal (no AI, pure pattern rules)

These are the structural rules a local, deterministic auditor applies — the same lens you can use to judge each signal. They describe what to look for, not this company’s result.

Information Density

Classify each sentence as substantive or hollow. Grounding markers — numbers, currencies, dates, technical units, named entities — outweigh marketing adjectives. When fluff sits right next to hard evidence, the fluff is forgiven.

Semantic Alignment

Pull the main entities out of the H1, then check whether they actually recur through the body. A page that announces one thing and then talks about another drifts. Headings with no real sentences underneath read as pseudo-substance.

Trust & Proof

Count trust words (review, testimonial, rating, verified) against real outbound proof links (Google, Trustpilot, Clutch, G2, Yelp). Lots of trust language with zero verification links is trust theatre. Unlinked logo galleries count against it.

Commodity Fingerprint

Look at how much sentence length varies. Natural writing varies its rhythm; templated or mass-produced copy is statistically uniform. Very low variation reads as commodity content — unless unique named entities break the pattern.

Identity & Authority

Inspect the JSON-LD. Is there an Organization or Person schema, and does it carry sameAs links to real external profiles (LinkedIn, socials)? Missing schema or no identity declaration signals an anonymous entity.

Want to apply this lens yourself? The free BS Indicator Chrome extension runs these heuristic checks live on any page. Bear in mind it is a single-page, deterministic tool — it relies only on pattern rules for the page in front of it and does not perform the cross-page semantic correlation this audit uses, so its readout is a starting lens, not the full verdict.

B
BS Level
Energy, Utilities & Environmental Services
43.4 Avg BS

Based on 572 businesses audited.

BS Detector

Energy, Utilities & Environmental Services BS: National Grid (www.nationalgrid.com)

https://www.nationalgrid.com 📍 Industry: Energy, Utilities & Environmental Services
20 BS / 100

The site is a rare example of high substance buried under a standard corporate marketing shell. While the technical SEO and schema implementation are poor, the depth of operational data and regulatory documentation makes the ‘Bullshit’ levels negligible. It is a functional infrastructure portal, not a marketing brochure.

Info Density Power-words vs. Substance ratio.
4
13% BS
Semantic Coherence Homepage promise vs. Sub-page reality.
1
5% BS
Trust & Proof Verifiable evidence vs. Trust Theatre.
4
20% BS
Commodity Fingerprint Detection of industry clichés/templates.
5
33% BS
Identity & Authority Expert verifiability & Schema depth.
6
40% BS

Immediately implement Organization and Person JSON-LD schema to bridge the authority gap and link CEO/CFO names to their professional footprints. Fix the 403 error on the Media Centre page to maintain the promise of transparency. Replace the fluff-heavy H1 on the homepage (Powering the things you love) with a high-authority metric regarding grid reliability or interconnector capacity. Clarify the source of the review_count data to eliminate the Trust Theatre flag.

The content perfectly aligns with the Energy, Utilities and Environmental Services sector, specifically focusing on electricity transmission, gas distribution, and grid modernization in the UK and US. The presence of regulatory terminology like RIIO-T3 and technical operational data confirms high industry specificity.

“The score of 20 is driven primarily by technical and identity gaps (Step 5) and the use of industry-standard jargon (Step 4). The site lost points for the 403 error on the media page and the lack of structured data. The Information Density and Semantic Coherence pillars performed exceptionally well due to the forensic level of detail provided in the financial and operational reports.”

Verified Analysis Date: May 16, 2026 © 1EuroSEO Independent Evaluator — Non-Sponsored Result
Brand AI Reputation