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Originally Posted by Hugh
National Grid in the U.K. is a Public Company
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The UK government acquired National Grid's Electricity System Operator (ESO) on October 1, 2024, for £630 million. The ESO was rebranded as the National Energy System Operator (NESO), which now operates as a public body, overseeing the planning and operation of the UK's electricity and gas networks. This move was part of the Energy Act 2023 and aims to support energy security, accelerate the transition to clean energy, and potentially reduce energy bills.
It Operates and manages the real-time balancing of electricity supply and demand, ensuring grid stability and market operations.