UK Government Transfers National Grid ESO to Public Ownership
This change aims to streamline grid connections and support the country's clean power targets by 2030.
Image for illustration purposes.
The UK government has acquired the National Grid Electricity System Operator (ESO) and rebranded it as the National Energy System Operator (NESO).
The decision follows a review of Britain’s energy system operation in January 2021, which suggested a potential conflict of interest between National Grid ESO and the transmission network owner. The creation of the Future System Operator (FSO) will address this concern, providing strategic oversight of longer-term planning of the gas system and balancing the UK’s electrical systems.
The FSO will work closely with energy suppliers and networks to ensure energy resilience and security. This move is expected to promote a more independent and transparent system, ultimately benefiting the UK’s energy sector.
In related news, Octopus Energy Generation has announced a £2 billion investment in UK renewables, including 222MW of solar capacity. This investment will fund the development of four new solar farms, including two projects awarded to Powersystems.
Meanwhile, Powersystems has secured several contracts for electrical works at various wind farms, including Pencloe Wind Farm, Limekiln Wind Farm, and Crystal Rig IV Wind Farm. These projects demonstrate the company’s expertise in high voltage electrical engineering and its contribution to Scotland’s renewable energy journey.
Source: Powersystems
