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HomeBusinessUK government to buy electricity system operator from National Grid for £630m

UK government to buy electricity system operator from National Grid for £630m

New operator, Neso, will also oversee Great Britain’s gas system as part of ‘clean energy superpower’ mission

The UK government has agreed to take control of the National Grid unit tasked with keeping the lights on in a £630m deal that takes effect from next month.

The electricity system operator (ESO) will be transferred into public control to create a new national energy system operator (Neso), which will also oversee Great Britain’s gas system.

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