UK Government to Create New Body to Oversee Entire Energy System
April 06 2022 - 6:16AM
Dow Jones News
By Jaime Llinares Taboada
The U.K. government said Wednesday that it will create a new
system operator to oversee the country's entire energy system.
The Future System Operator will look at Great Britain's energy
system as a whole, integrating existing networks with new
technologies such as hydrogen, the government said.
The body will be founded on the existing capabilities of current
electricity-system operator National Grid ESO, and on National Grid
Gas where appropriate.
The FSO will work to balance the electricity systems, ensure
energy resilience and security, and provide strategic oversight of
the system, the government said.
National Grid ESO said in a statement that it welcomes the
announcement and that it will work with all parties to enable a
smooth and successful transition.
"A fully independent system operator will help to transform
Great Britain's energy system and cut customers' energy bills.
Critically, the FSO will ensure that we will build a smart,
efficient and flexible system that will mean that Britain moves to
a secure low carbon and low-cost system," Jonathan Brearley, chief
executive of energy regulator Ofgem, said.
Shares in National Grid PLC at 0927 GMT were up 0.04% at 1,211.5
pence.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com;
@JaimeLlinaresT
(END) Dow Jones Newswires
April 06, 2022 06:01 ET (10:01 GMT)
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