Electricity system operator re-nationalised!

13th September 2024 | News

Today the UK Government announced the establishment of the new publicly-owned National Energy System Operator (NESO) from Tuesday 1 October 2024, by acquiring assets from the privatised National Grid.

The new arms-length public body was actually created by the Conservative government under the Energy Act 2023, as it was finally acknowledged that the privatised system was completely incapable of the strategic planning necessary to deliver the clean energy transition at the pace required.

Under the new Labour government, NESO will work alongside the new publicly-owned energy generation company – Great British Energy – as part of a more strategic approach aiming to deliver clean power by 2030.