Oct 6, 2019

National Grid open to giving up managing UK’s electricity

National Grid would "Absolutely consider" relinquishing its role managing Britain's electricity system to an independent body if policymakers decided it was the "Right thing to do", according to the company's chief executive. He insisted National Grid took its role of managing the electricity system "Very seriously" and believed the current model was "Probably right". That exercise concluded that National Grid would need to hive off the role into a new business that is legally separate from the rest of its operations - which include owning power grid infrastructure in the UK and the US and interconnectors that trade electricity to and from Europe - to avoid conflicts of interest. Energy minister Kwasi Kwarteng last month questioned whether National Grid should retain its role as electricity system operator. The UK's opposition Labour party would like to see National Grid and other companies that own grid infrastructure in Britain renationalised.

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