National Energy System Operator: Operating Costs
(asked on 8th January 2025) - View Source
Question to the Department for Energy Security & Net Zero:
To ask the Secretary of State for Energy Security and Net Zero, what estimate he has made of the annual running costs of the National Energy System Operator.
Answered by
Michael Shanks
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
This question was answered on 16th January 2025
The National Energy System Operator (NESO), established on 1 October 2024, is regulated by Ofgem which has responsibility for scrutinising and approving NESO's operational costs.
NESO recently launched a consultation on its regulatory Business Plan for Financial Year 2025/26 which sets out forecasted costs of £690m. Note that this includes NESO's set up costs, therefore will be higher than normal.