A lot has happened in the four months since Tempus last recommended buying shares in National Grid, and much of it for the better (Emily Gosden writes).
In September the FTSE 100 utility was busy shouting about how Ofgem was going to drive away investors and risk causing blackouts with an “unacceptable” proposed price control settlement, curbing its spending and returns in its regulated UK networks business that make up nearly half of the company. The warnings always looked a bit overblown, but they appear to have succeeded in their aim: in December, the regulator relented and proposed a more generous deal.
The price control governs how much National Grid can charge consumers on their energy bills over the next five years to recoup
