Tag Archives: Common Wealth

Does think tank’s finding support Labour’s case for a national energy firm?

This speaks for itself:

A publicly owned electricity generation firm could save Britons nearly £21bn a year, according to new analysis that bolsters Labour’s case to launch a national energy company if the party gains power.

Thinktank Common Wealth has calculated that the cost of generating electricity to power homes and businesses could be reduced by £20.8bn or £252 per household a year under state ownership, according to a report seen by the Guardian.

The Labour leader, Keir Starmer, has committed to creating “a publicly owned national champion in clean energy” named Great British Energy.

It’s interesting that a state-owned company would save homes money; when electricity was privatised under Margaret Thatcher, we were told our bills would be lower.

So it seems the Thatcher government lied to us.

And that leads me to my second point: if privatisation has led to higher bills, then why not just nationalise the privatised energy firms?

Source: State-owned electricity generation firm ‘could save Britons nearly £21bn a year’ | Energy industry | The Guardian


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