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Labour defends Great British Energy plan amid concern over funding – UK politics live


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Ed Miliband said GB Energy would be a crucial tool to tackle the UK’s energy security concerns

Keir Starmer will promise to build enough offshore wind over the next five years to power 20m homes, by using taxpayer money to develop parts of the seabed owned by the royal family.

The prime minister will announce details of the government’s energy generation company, known as Great British Energy, during a visit to the north-west designed to highlight the government’s promises on green energy.

This innovative partnership between Great British Energy and the crown estate is an important step toward our mission for clean energy by 2030, and bringing down energy bills for good.

This agreement will drive up to £60bn in investment into the sector, turbocharging our country toward energy security, the next generation of skilled jobs, and lowering bills for families and business.

Within a couple of years, as we build new onshore wind, new solar, we’ll start to see the effect on bills, but there are lots of things going on here. So our exposure to gas prices, which are set internationally, is something I don’t control.

In a sense, the whole point of what I’m saying is we’ve got to get off that lack of control where dictators like [Vladimir] Putin control the fossil fuel market, because I can’t promise you what’s going to happen to gas prices.

Continue reading…Ed Miliband said GB Energy would be a crucial tool to tackle the UK’s energy security concernsKeir Starmer will promise to build enough offshore wind over the next five years to power 20m homes, by using taxpayer money to develop parts of the seabed owned by the royal family.The prime minister will announce details of the government’s energy generation company, known as Great British Energy, during a visit to the north-west designed to highlight the government’s promises on green energy.This innovative partnership between Great British Energy and the crown estate is an important step toward our mission for clean energy by 2030, and bringing down energy bills for good.This agreement will drive up to £60bn in investment into the sector, turbocharging our country toward energy security, the next generation of skilled jobs, and lowering bills for families and business.Within a couple of years, as we build new onshore wind, new solar, we’ll start to see the effect on bills, but there are lots of things going on here. So our exposure to gas prices, which are set internationally, is something I don’t control.In a sense, the whole point of what I’m saying is we’ve got to get off that lack of control where dictators like [Vladimir] Putin control the fossil fuel market, because I can’t promise you what’s going to happen to gas prices. Continue reading…