Have your say on our first business plan as NESO

About NESO 2 Dec 2024 - 3 minute read

The energy sector is undergoing a fundamental transformation, with the pace of change only continuing to accelerate. Our draft Business Plan 3 (PB3) reflects the unprecedented shift taking place across the entire system, focusing on the most critical and impactful activities we need to undertake to deliver net zero, enable access to affordable energy and ensure security of supply for Great Britain.

You can share your feedback on our draft BP3 plan, which covers the period April 2025 to March 2026, until 10 January to ensure your views are considered in our final business plan, which will be published at the end of January. During the consultation period, you can join a series of webinars to learn more about our proposed objectives.

How has BP3 been developed?

We’ve been working closely with Ofgem to develop the regulatory framework for this business plan period. BP3 looks and feels different to the previous ESO business plans to reflect we’re now an independent, government-owned organisation with expanded roles and responsibilities.

BP3 articulates our delivery focus through eight proposed performance objectives. These objectives underpin our strategic priorities, enabling us to fulfil our statutory duties as well as our purpose, vision and values.

The proposed performance objectives demonstrate our expanded and wide-ranging whole system remit. Many of the activities we intend to undertake for this period represent roles we’ve not previously been responsible for. In some areas, we’re committed to undertaking work that has never been done before to advance the energy transition, both in the energy sector in Great Britain, and on an international scale.

For the first time, we’ll produce strategic national energy plans for Great Britain, with no other system operator worldwide having produced anything of a similar scale. Achieving clean power by 2030, while keeping the system secure and affordable for consumers, will be a world-leading achievement. We’ll take on a digital leadership role for the energy sector, improving sector-wide data practices and advancing collaborative digitalisation of the whole energy system.

Our work as NESO will also build on the strong foundations established as ESO and we’re still committed to meeting our ambition for zero carbon operability in 2025. We’ll continue to transform our markets, unlocking the full potential of flexibility, while also remaining prepared to deliver fundamental reforms subject to a final decision on the Government’s Review of Electricity Market Arrangements (REMA).

We’re confident that our draft business plan sets the necessary level of ambition, while remaining both credible and achievable at this pivotal moment for the energy sector.

To see the full details of our proposed performance objectives read our full BP3 plan or you can read our executive summary.