The National Energy System Operator (NESO) is the
nationalised
Nationalization (nationalisation in British English)
is the process of transforming privately owned assets into public assets by bringing them under the public ownership of a national government or state. Nationalization contrasts with ...
energy system operator for the United Kingdom. Previously owned by
National Grid plc
National Grid plc is a British multinational electricity and gas utility company headquartered in London, England. Its principal activities are in the United Kingdom, where it owns and operates electricity and natural gas transmission networks ...
, when it was known as National Grid ESO, it is a
publicly owned organisation which operates both the electricity transmission and gas distribution systems from 1 October 2024. The buyout from National Grid was announced in September 2024, and was valued at £630m.
NESO is chaired by Paul Golby and its chief executive officer is Fintan Slye.
NESO has been set up as the Independent System Operator and Planner (ISOP) under the provisions of part 5 of the
Energy Act 2023, and was previously known informally as the Future System Operator (FSO) prior to the announcement of its official name. It holds the licences for operating the electricity system and for planning the gas system.
NESO is expected to work closely with
Great British Energy
Great British Energy (shortened to GB Energy or GBE) is a British government-owned renewable energy investment body that was formed as part of the Labour Party (UK), Labour Party's plans for energy policy. GBE will invest in renewable energy ...
to accelerate the deployment of
renewable energy in the United Kingdom
Renewable energy in the United Kingdom contributes to production for electricity, heat, and transport.
From the mid-1990s, renewable energy began to play a part in the UK's electricity generation, building on a small hydroelectricity, hydr ...
.
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References
External links
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2024 establishments in the United Kingdom
Energy policy of the United Kingdom
Government-owned companies of the United Kingdom
National Grid (Great Britain)
Renewable energy in the United Kingdom
Electric power transmission system operators in the United Kingdom
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