National Grid sells Electricity System Operator to UK govt for £630m, focusing on core operations and transition to sustainable energy.

National Grid is selling its Electricity System Operator to the U.K. government for £630 million (approximately $827 million). This move is part of a strategic shift in the company’s operations, focusing on core areas while transferring regulatory responsibilities to the government. The sale aims to enhance the management of the electricity grid in the U.K. and support the transition to sustainable energy.

September 13, 2024
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