Home Money Government to buy National Grid’s electricity system operator for £630m

Government to buy National Grid’s electricity system operator for £630m

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Transition to clean energy: the Government will buy the Electric System Operator from National Grid

Transition to clean energy: the Government will buy the Electric System Operator from National Grid

The Government is to buy National Grid’s Electricity System Operator (ESO) after reaching a £630m deal.

This will pave the way for the ESO (the operation that oversees the balance between supply and demand on the UK’s electricity grid) to be taken over by the public sector.

The move is part of the launch of the new National Energy System Operator, a public body designed to help the transition to clean energy and support energy security.

The Department for Energy Security and Net Zero said the agency will be launched on October 1 following a deal with National Grid.

Energy Secretary Ed Miliband described the deal as “a milestone for the UK’s energy system”.

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