The new body will boost security and resilience of UK energy supplies and support the transition to net zero emissions. The proposal follows a period of consultation with the energy industry, which backed the creation of the new public body.
The FSO will be launched once the necessary legislation is passed and timelines have been discussed with key parties. It will look at Great Britain’s energy system as a whole, integrating existing networks with emerging technologies such as hydrogen.
The FSO will be a new public body founded on the existing capabilities of the Electricity System Operator (ESO) and, where appropriate, National Grid Gas (NGG). It will work with energy suppliers and networks to balance the UK’s electricity systems and ensure continued energy resilience and security of supply for households and businesses. It will also provide strategic oversight of the UK gas system by taking on longer-term planning in respect of gas, although not for...