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The National Energy System Operator (NESO) is the nationalised energy system operator for the United Kingdom. Previously owned by National Grid plc , when it was known as National Grid ESO, it is a public corporation which operates both the electricity and gas distribution systems from 1 October 2024.
National Grid plc is a British multinational electricity and gas utility company headquartered in London, England. Its principal activities are in the United Kingdom, where it owns and operates electricity and natural gas transmission networks, and in the Northeastern United States, where as well as operating transmission networks, the company produces and supplies electricity and gas ...
It is developed by Scottish Power Transmission plc (SPT) and National Grid Electricity Transmission plc (National Grid) [3] with a budget of £1.294 billion. [1] In December 2022, the connection received approval from the UK energy regulator Ofgem. [2] [5] As of July 2024, construction was expected to run from 2025 to 2029. [6]
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Western Power Distribution was a subsidiary of PPL for many years. [5] In August 2020, PPL announced an intention to sell WPD. [6] In March 2021, PPL announced a swap with National Grid in which it divested WPD and acquired Narragansett Electric of Rhode Island. [7]
2005: Sale of four gas distribution networks, and adoption of National Grid as the single name for principal businesses [10] 2016: Creation of National Grid Gas Distribution Ltd as part of National Grid; 2017: Sale of a majority stake of National Grid Gas Distribution in March, with operations beginning under the Cadent brand from May [11] [12]
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The National Grid and the gas National Transmission System were now managed by a single holding company. 2003 The Energy (Northern Ireland) Order 2003 [ 22 ] establishes the Northern Ireland Authority for Energy Regulation and abolishes the offices of Director General of Gas for Northern Ireland and Director General of Electricity Supply for ...