UK Government Acquires National Grid's Electricity System Operator for £630 Million
The deal aims to unify the planning of Britain's electricity and gas networks under public control to achieve net zero energy by 2030.
- The UK government will take control of the Electricity System Operator (ESO) from National Grid starting October 1, 2024.
- The new entity, National Energy System Operator (Neso), will oversee both electricity and gas networks.
- Neso is expected to play a crucial role in achieving the UK's goal of a net zero energy system by 2030.
- The move aims to provide impartial, whole-system expertise and support the transition to clean energy.
- Fintan Slye, current director of ESO, will become the chief executive of Neso, with Paul Golby as its chair.
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