Shares of National Grid (LON: NG.) have plunged 6% today following the U.K. energy regulator Ofgem’s new price-control and investment plans. As a result, National Grid stock price now trades at a 3-month low. Fundamental analysis: National Grid “extremely disappointed” by Ofgem’s plan Ofgem, the U.K. energy regulator, has presented a plan for a five-year investment worth around £25 billion ($31.43 billion). The basic idea behind the investment plan is to transform the country’s energy networks. A part of the plan specifies “allowed rate of return”, which obviously, works against the interest of energy firms. Ofgem wants to reduce the
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