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The National Energy System Operator has been established through powers under the Energy Act 2023. This sets out the responsibilities of the new public body to maintain the UK’s energy supplies, protect energy consumers and plan for an efficient clean energy system that is fit for the future.
Fintan Slye, Chief Executive of the National Energy System Operator, 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.
The new National Energy System Operator (NESO) will help connect new generation projects with the electricity grid, working alongside Great British Energy to deploy renewable energy, so bill payers can reap the benefits of clean, secure, homegrown power.
It comes as the government today reached an agreement with National Grid to acquire the Electricity System Operator, which will be transferred to public ownership. Set to start work on 1 October, NESO will be chaired by former E.ON CEO Dr Paul Golby, with Fintan Slye as the Chief Executive Officer. Energy Secretary, Ed Miliband, said:
New Energy Partnership, an experienced team backed by significant equity investment are targeting delivery of more than 2GW of Battery Energy Storage Systems (BESS) and renewable energy projects this decade to support the country’s transition to Net Zero.
1GW of battery storage will be developed by New Energy Partnership in the UK by 2025. We are looking at current and future technologies to bring the latest innovations to our portfolio. We are able to draw on our significant experience of energy infrastructure M&A and financing to ensure projects are delivered through to commercial operation.
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Online Services Email ContactNational Energy System Operator will support the UK''s energy security, help to keep bills down in the long term, and accelerate the government''s clean power mission.
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Online Services Email ContactThe new UK Government has taken several recent steps in its mission to achieve security of supply of affordable clean energy. We discuss its autumn flurry of energy and infrastructure related announcements in our article Labour Government bets big on energy and infrastructure. In this one we discuss the creation of the National Energy System Operator …
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