Households could see lower energy bills under Labour plans to set up a publicly-owned Great British Energy company if they get into power, the party has claimed. So how will Great British Energy work - and what will it mean for household bills? Labour plans to have 100 per cent renewable electricity by 2030, and Great British Energy is part of that promise. Starmer said Great British Energy was urgently needed to give the country more energy security, as well as for environmental reasons. Labour hopes that Great British Energy will mean lower energy bills - but has not committed to giving a set amount that households can save.

Source: Daily Mail June 01, 2024 19:20 UTC