- Power utility National Grid said it had submitted a draft business plan to UK national regulator Ofgem.

'These are initial plans to invite feedback from a range of stakeholders on the possible investments that could be made in the five years commencing April 2021,' the company said.

'We have a critical role in the rapid change in our energy systems during this period, reducing carbon emissions significantly and delivering long-lasting benefits for consumers and society, whilst maintaining highly reliable and resilient networks.'

'Following stakeholder feedback we expect to refine these plans over the course of 2019 before submitting final business plans to Ofgem in December.'

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