The National Energy System Operator ( NESO ) is the nationalised energy system operator for the United Kingdom. Previously owned by National Grid plc , when it was known as National Grid ESO, it is a public corporation which operates both the electricity and gas distribution systems from 1 October 2024. The buyout from National Grid was announced in September 2024, and was valued at £630m.
4-621: 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
8-609: Is a stub . You can help Misplaced Pages by expanding it . This article relating to law in the United Kingdom , or its constituent jurisdictions, is a stub . You can help Misplaced Pages by expanding it . Energy Act 2023 The Energy Act 2023 (c. 52) is an act of the Parliament of the United Kingdom . The act's aim is for the security and independence of energy supply in the United Kingdom using different methods, including nuclear, oil, gas, hydro and wind. In turn, it
12-503: Is hoped that people's energy bills will decrease after this. The act received royal assent on 26 October 2023. The Energy Act 2023 contains 14 main parts. The bill for the act was introduced in the House of Lords on 6 July 2022 by Lord Callanan , piloted through the House of Commons by Grant Shapps , and had its third reading in the House of Commons on 5 September 2023. The act
16-525: The gas system. NESO is expected to work closely with Great British Energy to accelerate the deployment of renewable energy in the United Kingdom . This article about a company of the UK is a stub . You can help Misplaced Pages by expanding it . This article related to government in the United Kingdom or its constituent countries is a stub . You can help Misplaced Pages by expanding it . This article about energy , its collection, its distribution, or its uses
#178821