13 Sep 2024
Energy Secretary Ed Miliband has confirmed today that the National Energy System Operator (NESO) will launch on 1 October following the government agreeing to acquire the Electricity System Operator (ESO) from National Grid, transferring the ESO into public ownership.
As NESO, we'll be a new independent organisation responsible for planning Britain’s entire energy system, operating the electricity network and offering expert advice to the energy sector’s decision makers.
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Paul Golby, Chair of NESO said:
“This is a pivotal moment as we head closer to the launch of the National Energy System Operator on 1 October. NESO will support a more integrated and coordinated strategy to meet the unprecedented challenges of climate change, ensuring security of energy supply and keeping bills as low as possible.
“NESO brings together critical roles and responsibilities under one roof, creating an environment that is essential for success. We will have a broad strategic oversight of both the electricity and gas systems, managing system planning, market operations, and ensuring that our energy infrastructure is secure, resilient, flexible, and future-proof.”
Fintan Slye, Chief Executive of NESO said:
“Today is a crucial step in our journey to become the National Energy System Operator and we’re delighted that the Energy Secretary has confirmed 1 October will be the launch day of this new independent organisation.
“We are excited to take this bold step forward to help unify and optimise our national approach to energy and to deliver the clean, secure, decarbonised energy system that is affordable and fit for the future.
“We are ready, and look forward to providing expert independent advice and working collaboratively across all parts of the energy sector, with government, the regulator and within our communities across Great Britain.”
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Read the full news release here
