U.K. to Buy National Grid Unit to Create New Energy Authority

Government to acquire company’s electricity system operator
New authority will be key to emissions cuts, energy security

Wind turbines at the Little Cheyne Court Wind Farm, U.K. — Wind turbines at the Little Cheyne Court Wind Farm, U.K.Photographer: Chris Ratcliffe/Bloomberg

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April 6, 2022 at 8:29 AM UTC

Updated on

April 6, 2022 at 3:38 PM UTC

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The U.K. will purchase a key part of National Grid Plc’s business as it creates as a new authority oversee the nation’s energy system.