National Grid has struck a deal to sell its Electricity System Operator (ESO) to the government for £630m, paving the way for the division to transition into public ownership. The FTSE 100 utility said on Friday that it expected the transaction to be completed on 1 October, when the government and regulator Ofgem aim to establish the National Energy System Operator (NESO). National Grid’s ESO operates the control room that balances power supply and demand in real time. Its sale comes after the passage of the Energy Act in October 2023,…
