v3.26.1
Financial risk management - Capital risk management (Details)
£ in Millions, $ in Billions
12 Months Ended
Mar. 31, 2026
GBP (£)
operator
Mar. 31, 2025
GBP (£)
Mar. 31, 2026
USD ($)
operator
Disclosure of credit risk exposure [line items]      
FFO/adjusted net debt 13.00% 13.70%  
Retained cash flow/adjusted net debt 9.30% 9.80%  
Gearing ratio 61.00% 61.00%  
Interest cover ratio 4.0 3.8  
Number of distribution network | operator 4   4
Debt covenants, borrowings excluding cash and short term investments £ 70,000    
Debt covenants, borrowings excluding cash and short term investments, headroom 25,000    
Debt covenants, carrying value of the bonds under covenant restriction 2,889 £ 3,005  
Non-US Subsidiaries      
Disclosure of credit risk exposure [line items]      
Debt covenants, total debt 45,000    
US Subsidiaries      
Disclosure of credit risk exposure [line items]      
Debt covenants, total debt | $     $ 45
US And Non-US subsidiaries      
Disclosure of credit risk exposure [line items]      
Debt covenants, total debt, headroom £ 12,000    
National Grid Electricity Distribution      
Disclosure of credit risk exposure [line items]      
Debt covenants, impacted companies 30.00%   30.00%
National Grid Electricity Distribution | Maximum      
Disclosure of credit risk exposure [line items]      
Net debt to RAV gearing covenants 0.85   0.85