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Concerns Rise Over Neso's Conflicts of Interest

1/4/2026

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Summary

Story summary

Concerns about conflicts of interest at National Energy System Operator (Neso) emerged after staff were allowed to purchase discounted National Grid shares following Neso's establishment in October 2024.
Critics, including Reform UK's energy spokesman Richard Tice, argue the stake could lead to leniency in regulation, benefiting National Grid's profits and share price.
Tice advocates for a government overhaul of Neso's objectives, prioritizing affordable and reliable electricity over net zero commitments.

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Story summary

Concerns about conflicts of interest at National Energy System Operator (Neso) emerged after staff were allowed to purchase discounted National Grid shares following Neso's establishment in October 2024.
Critics, including Reform UK's energy spokesman Richard Tice, argue the stake could lead to leniency in regulation, benefiting National Grid's profits and share price.
Tice advocates for a government overhaul of Neso's objectives, prioritizing affordable and reliable electricity over net zero commitments.