Bracknell Labour Serving you here
Labour will invest in energy generation and stability of supply through Great British Energy and reform the energy market through much stronger regulation. From Labour’s manifesto:
Switch on Great British Energy
To drive forward investment in clean, home-grown energy production, Labour will create a new publicly-owned company, Great British Energy. It will be owned by the British people and deliver power back to the British people.
Great British Energy will partner with industry and trade unions to deliver clean power by co-investing in leading technologies; will help support capital-intensive projects; and will deploy local energy production to benefit communities across the country. To support this, Labour will capitalise Great British Energy with £8.3 billion, over the next parliament.
The company will create jobs and build supply chains in every corner of the UK. Scotland will be the powerhouse of our clean energy mission, with Great British Energy headquartered there.
Local power generation is an essential part of the energy mix and reduces pressures on the transmission grid. Labour will deploy more distributed production capacity through our Local Power Plan. Great British Energy will partner with energy companies, local authorities, and co-operatives to install thousands of clean power projects, through a combination of onshore wind, solar, and hydropower projects. We will invite communities to come forward with projects, and work with local leaders and devolved governments to ensure local people benefit directly from this energy production.
Energy system reform
Under the Conservatives, the broken energy market has let customers down. The government has allowed scandalous abuses on their watch, including poor customer service, companies going to the wall with the costs falling on billpayers, and the mass forced installation of pre-payment meters.
Labour will ensure a much tougher system of regulation that puts consumers first and attracts the investment needed to cut bills. Too much of the burden of the bill is on standing charges and we will work with the regulator to reduce them. We will strengthen the regulator to ensure it can hold companies to account for wrongdoing, require higher standards of performance, and ensure there is automatic customer compensation for failure.
The national grid has become the single biggest obstacle to the deployment of cheap, clean power generation and the electrification of industry. With grid connection dates not being offered until the late 2030s, important business and infrastructure investment is being stalled or lost overseas. Labour will work with industry to upgrade our national transmission infrastructure and rewire Britain.