National Grid profits over £1bn

National Grid has announced half year operating profits of £1.5 billion from running UK gas and electricity networks rise after increasing the amount it charges energy customers.

What is behind your rising energy bills?

National Grid says it is the cost of modernising the networks to accommodate green energy sources that pushes the prices higher.

But with the company’s UK profit up 7.7% in the first half of the financial year, many question how honest it is about the costs. Consumer Editor Chris Choi reports.

National Grid costs can make up to 20% of a household gas charges and the amount households pay towards the network went up £11 per bill this year and is expected to rise further.

Blackout risk as the UK enters its coldest months

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National Grid's UK profits rise on higher energy charges

National Grid says it is on track to deliver 'strong returns' in its UK market Credit: PA Wire

The National Grid has seen its operating profits from running UK gas and electricity networks rise after increasing the amount it charges energy customers.

Profit was up 7.7% in the first half of the financial year in its UK arm although a poor performance in the US market dragged the company's overall profits down.

National Grid’s UK revenues come from levies on customer energy bills, set at levels determined by regulator Ofgem to finance spending on infrastructure.