ENGIE announces the acquisition of UK Power Networks
Today marks an important milestone for UK Power Networks.
After more than 15 years of ownership, CKI, subject to regulatory approvals, has entered into a sale and purchase agreement with ENGIE, a French multinational utility company and a leader in the global energy transition, for the 100% acquisition of UK Power Networks to come into effect later this year, probably mid 2026.
This transaction marks an important milestone in the history of UK Power Networks and for all its employees. By joining ENGIE, we continue to be part of a global energy leader with the financial strength, industrial capabilities and long-term vision to support our next phase of development as UK Power Networks embarks on a period of significant investment in our network to enable economic growth in London, the South East and East of England.
It will reinforce our ability to serve our 8.5 million customers with the highest standards of safety, customer service, and reliability. We share ENGIE’s strategic ambition and values and are excited to embark on this new chapter together, ensuring a smooth transition for our teams and continued excellent service for the communities we serve.
Published: 25/02/2026
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After more than 15 years of ownership, CKI, subject to regulatory approvals, has entered into a sale and purchase agreement with ENGIE, a French multinational utility company and a leader in the global energy transition, for the 100% acquisition of UK Power Networks to come into effect later this year, probably mid 2026.
This transaction marks an important milestone in the history of UK Power Networks and for all its employees. By joining ENGIE, we continue to be part of a global energy leader with the financial strength, industrial capabilities and long-term vision to support our next phase of development as UK Power Networks embarks on a period of significant investment in our network to enable economic growth in London, the South East and East of England.
It will reinforce our ability to serve our 8.5 million customers with the highest standards of safety, customer service, and reliability. We share ENGIE’s strategic ambition and values and are excited to embark on this new chapter together, ensuring a smooth transition for our teams and continued excellent service for the communities we serve.
Published: 25/02/2026
Back to news