Dubbed the Future System Operator (FSO), the new public body will be founded on existing capabilities of the Electricity System Operator (ESO), and, where appropriate, National Grid Gas (NGG).
The group will look to secure the UK’s energy independence and accelerate zero-emission technologies. Hydrogen is expected to be featured within this as the UK looking to integrate it into existing networks.
Greg Hands, UK Energy Minister, said, “Russia’s appalling aggression in Ukraine amid escalating global gas prices has shown the vital importance of strategic change to the UK energy system.
“We need to boost our energy resilience, reduce our dependence on expensive imports and slash emissions. The FSO will do just that.”
Fintan Slye, Executive Director of Electricity System Operator, said, “We warmly welcome today’s announcement that the ESO will be at the heart of the system operator of the future.
“Building on our track record and skills as a world leading system operator, together with industry and government and regulators we will help deliver an affordable, reliable and clean transition for all.
“The ESO will continue working closely with all parties involved in the coming weeks and months to enable a smooth and successful transition.”
John Pettigrew, CEO of National Grid, said, “National Grid has a critical role to play in the decarbonisation of the economy to reach net zero, whilst continuing to ensure security of supply at the lowest cost to consumers.
“We have been working closely with government, industry and the regulator to create a Future System Operator that enables long-term holistic thinking, drives progress towards net zero, and lays the foundations for the regulatory reform necessary to deliver a clean, fair and affordable energy transition.
“We will continue to work closely with all relevant parties to ensure a smooth transition, subject to Parliamentary approval and conclusion of the transaction process.”
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