Energy Act 2023

The Act provides for energy production and security and regulates the energy market in the UK. To that end, it makes provisions ranging from commercial carbon capture and storage arrangements, low-carbon heat schemes and hydrogen grid trials, and energy smart appliances, among others. Also, it provides a legislative basis for the establishment of a publicly owned company called the National Energy System Operator (NESO), which expands on the role of the current National Grid Electricity System Operator to cover gas and to accommodate a more decentralised, variable electricity system based mainly on renewables.