National Grid Announcement

[idpickering]

Popular HYP share NG. put this out today;

National Grid welcomes new System Operator proposals





"National Grid welcomes today's announcement by BEIS and Ofgem confirming a joint belief that a more independent electricity System Operator, within National Grid, can realise benefits for consumers by enabling a more secure, competitive and flexible system.



National Grid, BEIS and Ofgem, have agreed a joint statement describing steps towards achieving greater independence and the development of new roles for the electricity System Operator. Under proposals, which are subject to consultation, the electricity System Operator will be incorporated into a separate company, wholly owned by National Grid, with its own Board by April 2019.



Under the proposals, the electricity System Operator will carry out its existing functions as well as taking on new responsibilities, including the promotion of smart solutions."

Full item here;

http://www.investegate.co.uk/national-g ... 00099591T/