Enexis delivers twice as much grid capacity in the first half of 2026 as in the first half of 2025

In the first half of 2026, Enexis once again significantly increased its investments in expanding the electricity grid compared to 2025. During the first six months of 2026, Enexis invested 22% more than in the same period last year, primarily in the expansion and reinforcement of the electricity network. As a result, Enexis delivered 1,150 MVA of grid capacity, compared to 520 MVA in the first half of 2025. This creates additional capacity on the electricity grid for households, businesses, and public services. At the same time, further grid expansion remains essential to meet the growing demand for transport capacity.

Marjanne van Ittersum, CFO of Enexis: "We are expanding the electricity grid at a rapid pace. This is urgently needed, and we will continue to focus on it without compromise. At the same time, we must be clear: building alone will not solve the problem. Together with our customers, we need to use the grid more intelligently."

More applications, more pressure on the grid

Pressure on the electricity network increased further during the first half of 2026. Since 1 July, the new social prioritisation framework has been in force, which enables scarce network capacity to be allocated across the grid. As a result, residential and small-scale business customers in congestion areas may now also be placed on a waiting list. In the run-up to its introduction, Enexis saw the number of applications for new small-consumer connections and capacity upgrades double.

Van Ittersum: "Naturally, we will assist customers who submitted their application before 1 July. However, a higher-capacity connection is often not necessary. In practice, we find that much more can often be achieved within an existing connection, even with a single-phase connection, than people assume."

Both grid expansion and flexibility are needed

In addition to expanding and reinforcing the electricity grid, Enexis is placing greater emphasis on flexibility solutions. For some customers currently on a waiting list, a connection may become available sooner if they can adapt their consumption or feed-in patterns to times when the grid has available capacity. According to Enexis, a significant proportion of businesses possess flexibility potential. Interest in flexible contractual arrangements is increasing, and during the first half of the year Enexis entered into two new Group Transport Agreements.

Van Ittersum: "The era of readily available and unlimited grid capacity is behind us. That requires action from all of us. That is why we need both: continued expansion of the grid and smarter use of the capacity that is already available."

For residential customers and other small consumers, Enexis is also exploring ways to reduce peak demand on the network. Experiences with smart charging, controlling heat pumps and batteries, and curtailing solar generation demonstrate that flexibility can also contribute to more efficient use of the electricity grid in this segment.

Financial performance

Enexis continues to invest heavily. In the first half of 2026, cash flows from operating activities and investments in tangible and intangible fixed assets amounted to a negative €647 million, compared with a negative €434 million in the same period last year. Total investments reached €1.083 billion, an increase of €194 million compared with the first half of 2025. These investments are primarily focused on expanding and reinforcing the electricity grid, reflecting Enexis’ commitment to addressing the structural challenge of future-proofing the energy system. To finance these investments, Enexis issued a new €750 million green bond in February and made a drawdown of €250 million from its facility with the European Investment Bank. In April, it also repaid a €500 million bond. As a result of the increased debt position, the FFO/net interest-bearing debt ratio declined to 16% (year-end 2025: 20%).

Net profit for the first half of 2026 amounted to €185 million, broadly in line with the €192 million reported in the first half of 2025.

Van Ittersum: “The scale and urgency of the challenge facing society are considerable. That is why we continue to invest, speed up delivery and innovate. Only in this way can we offer as many customers as possible a clear path forward, while keeping the energy system reliable and affordable for the long term.”