UK's National Grid to lose electricity role to independent body - The Times

July 19 (Reuters) - The British government is preparing to issue plans to strip UK-listed grid operator National Grid of its responsibility for running the country’s electricity system in favour of a new independent body, The Times newspaper reported on Monday.

The Department for Business, Energy and Industrial Strategy is planning to unveil a consultation outlining the creation of a "Future System Operator", which would manage the country's electricity system, alongside plans for a new governance framework for energy regulations, according to the newspaper

It said an announcement could come as early as this week. (Reporting by Kanishka Singh in Bengaluru; Editing by Himani Sarkar)