National Grid moves towards reduced carbon emissions with electricity system contract

Jan 29 (Reuters) - National Grid's Electricity System Operator (ESO) said on Wednesday it has agreed contracts with five parties, worth 328 million pounds ($431 million) over a six-year period for a new way to manage the stability of its electricity system.

"This approach is the first of its kind anywhere in the world and is a huge step forward in our ambition to be able to operate the GB electricity system carbon free by 2025," Julian Leslie, ESO Head of Networks said https://www.nationalgrideso.com/media/national-grid-eso-outline-new-approach-stability-services-significant-step-forwards-towards.

National Grid's ESO said the new approach, agreed with Drax , Rassau Grid Services, Statkraft, Triton and Uniper , will save consumers up to 128 million pounds over the six-year period. ($1 = 0.7608 pounds) (Reporting by Noor Zainab Hussain in Bengaluru; Editing by Elaine Hardcastle)