“A new, independent Future System Operator (FSO) can play a vital part in helping us meet these challenges.” “The Russia/Ukraine conflict only underlines the serious need to transition and decarbonise our energy system and focus on generating cheaper, cleaner power in Britain. We need fundamental change to ensure we match the scale of our net zero ambitions. Kwasi Kwarteng, the Business Secretary, said: “Our energy system is at a transformative moment. It will also avoid any potential conflicts of interest with National Grid, which will continue to own the main electricity transmission network as well as the country’s largest electricity distribution network. Ministers and regulators believe the move will help create a system better equipped to cope with the complex demands of lower carbon energy supply, while keeping costs down.Ĭritics have warned that National Grid may not be best placed to oversee a system that needs to be able to cope with significant spikes in demand in the future such as thousands of drivers plugging their cars in to charge at the same time. National Grid Electricity System Operator, a separate legal entity from the FTSE 100 company, is responsible for balancing electricity supply and demand but this body will be effectively nationalised and turned into a so-called Future System Operator (FSO) giving ministers greater powers to oversee the system. National Grid is to be stripped of its role in running the electricity system more than 30 years after the industry was privatised. Boris Johnson is poised to nationalise a key part of the electricity network in the biggest overhaul to the UK's energy system in decades.
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