Michael Shanks (Labour)

Our nation stands at a pivotal moment in our energy and net zero journey. As we navigate the challenges of energy security and the urgent need for a sustainable future, I am proud to announce the publication of the joint Government-Ofgem response to the statutory consultation on national energy system operator licences and other impacted licences.

As we move forward, NESO’s role will be instrumental in achieving our net zero and energy security goals. By fostering innovation, enhancing system resilience, and promoting transparency, NESO will help navigate the complexities of our evolving energy system. We are enormously grateful for the valuable input from industry stakeholders, whose insights have been integral to shaping the future of NESO.

NESO will be regulated by Ofgem through two new licences, and this consultation response marks a significant milestone in establishing NESO’s regulatory regime. The final step will be for the Secretary of State to grant NESO these licences under the powers conferred by the Energy Act 2023. The Department for Energy Security and Net Zero and Ofgem are aiming to establish NESO this year.

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