Statutory consultation - Pension scheme arrangements for National Grid employees transferring to the Future System Operator
Summary
Ofgem proposes to modify National Grid Electricity Transmission's licence to allocate pension costs for ESO employees transferring to the public-owned National Energy System Operator (NESO). The proposal aims to preserve neutrality for both consumers and National Grid in the cost allocation. Consultation closed on 25 April 2024 with a decision already published.
Why it matters
This is administrative machinery for NESO creation rather than structural reform — the cost allocation preserves existing arrangements rather than changing market dynamics.
Key facts
- •Consultation ran 27 March to 25 April 2024
- •Decision already published following consultation closure
- •Modifies National Grid Electricity Transmission Special Licence Condition 6.1
- •Applies to ESO employees transferring to public-owned NESO
Timeline
Areas affected
Related programmes
Memo
Statutory consultation - Pension scheme arrangements for National Grid employees transferring to the Future System Operator | Ofgem Please enable JavaScript in your web browser to get the best experience. BETA This site is currently in BETA. Help us improve by giving us your feedback . Close alert: Statutory consultation - Pension scheme arrangements for National Grid employees transferring to the Future System Operator Publication type: Consultation Publication date: 27 March 2024 Closed date: 25 April 2024 Status: Closed (with decision) Topic: Electricity transmission Decision: Decision on the pension scheme arrangements for National Grid employees transferring to the Future System Operator Print this page Share the page Share on Facebook Share on Twitter Share on LinkedIn This is the statutory consultation for licence changes following the Call for Input on pension arrangements. As part of the process of the creation of the National Energy System Operator (NESO, formerly the Future System Operator or FSO) under public ownership, there will need to be arrangements for the pensions of some ESO employees who are transferring over to the NESO. Following Department for Energy Security and Net Zero engagement with National Grid, Ofgem is consulting on amending the National Grid Electricity Transmission licence conditions to allocate the costs of the pension scheme between National Grid and the NESO in a way that would preserve neutrality for consumers and National Grid. Respond name John Bolitho Respond telephone 0207 901 1858 Respond email RegFinance@ofgem.com Main document Statutory Consultation on ET Special Licence Condition 6.1 - Pension scheme arrangements for National Grid employees transferring to the Future System Operator [PDF, 1.48MB] Subsidiary documents Call for Input response - National Grid [PDF, 38.80KB] Call for Input response - Interested party REDACTED [PDF, 122.30KB] National Grid consultation response [PDF, 220.66KB] Print this page Share the page Share on Facebook Share on Twitter Share on LinkedIn Close