National Grid operates one of the safest, most efficient and reliable power networks in the world, and has a critical role to play in the decarbonisation of the economy to reach net zero. In order to deliver the clean energy transition in a timely, fair and affordable way, we need ambitious government policy, an aligned view on the activities required from a future energy system, a clear set of principles by which they are governed, and the frameworks to support them.
That’s why we are working closely with the government, regulator and industry to explore what changes will be needed to achieve net zero, and the role and potential divestment of the Electricity System Operator (SO) is an important part of that discussion.
An industry structure that enables long-term thinking and allows the SO to take on new roles as part of the energy transition is an important step in the market and regulatory reform necessary to deliver net zero. Significant further work is needed to determine the detail of that structure.
We note the report that Ofgem has today submitted to BEIS as part of the government’s consultation process, and we will continue to work closely with government and with Ofgem over the coming months.
Contact for media information:
Molly Neal Surinder Sian
T 07583 102727 T 07812 485153