UK government to buy electricity system operator from National Grid for £630m
UK government to buy electricity system operator from National Grid for £630m
New operator, Neso, will also oversee Great Britain’s gas system as part of ‘clean energy superpower’ mission
The UK government has agreed to take control of the National Grid unit tasked with keeping the lights on in a £630m deal that takes effect from next month.
Great Britain’s electricity system operator (ESO) will be transferred into public ownership to create a new national energy system operator (Neso), which will also oversee the gas system.
The government hopes that by bringing together the separate units involved in planning Great Britain’s electricity and gas networks under one publicly owned company, the system operator can adopt a more strategic approach to achieving a net zero energy system by 2030.
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The decision to remove the ESO from National Grid’s ownership was made under the previous Conservative government because of concerns over a conflict of interest relating to the operator’s role providing strategic advice to government officials. The deal was expected to take place in July this year but it was delayed until 1 October because of the general election.
So this was going to happen anyway?
So this was going to happen anyway?
Sounds like it, so it'll be part of the already planned spending.
I hope there's more reasons than just getting objective advice. £⅔B is a lot of money.