ENGIE has signed an agreement to acquire UK Power Networks (UKPN), the best-in-class electricity distributor in the U.K.

The acquisition adds a high‑performing asset delivering 71 TWh of electricity to 8.5 million customers across London, the South East, and East of England, supported by a strong track record of top‑tier operational performance.

By its outstanding quality and its significant size, this acquisition strengthens ENGIE’s footprint in one of its key countries. It will also reinforce ENGIE’s position across the electricity value chain, complementing its leading roles in upstream renewables and flexible electricity and storage, and in downstream energy management and customer supply.

Read more: ENGIE Newsroom