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UK PM Burnham to launch state-owned GB Grid to cut energy costs, speed connections
The new body will help businesses connect faster and aims to cut energy costs to European levels within 10 years, Labour said.
- On Tuesday, Prime Minister Andy Burnham announced the creation of "Great British Grid," a new publicly owned body under Great British Energy designed to reduce energy costs to match European levels within 10 years.
- Energy Secretary Miatta Fahnbulleh described the move as "another step towards mending the decades of Tory policies which ripped out public control," marking the first state-owned entity in electricity networks since privatisation under Margaret Thatcher.
- Under Labour Party plans, businesses will gain rights to "self-build" connection infrastructure, with GB Grid providing co-investment options funded from the more than £8.3 billion existing allocation.
- Burnham stated the project aims to enhance competition and accelerate grid connection times, saying, "It will increase competition to drive down costs and speed up delivery so businesses can connect faster and grow quicker."
- Linking grid reform to broader plans for "reindustrialisation," the Government intends to boost transmission projects and address infrastructure bottlenecks, converting planned clean power investment into usable electricity.
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Burnham to announce new publicly-owned grid operator
Andy Burnham is expected to announce a new publicly-owned body which will invest in the UK’s electricity grid in an attempt to bring down Britain’s sky-high energy costs. The Prime Minister is tipped to unveil Great British Grid, which will speed up connections to the grid by driving up competition for projects, during his Labour [...]
·London, United Kingdom
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Energy bills set to rise under new 'buy British' grid plans, Labour admits
Energy bills set to rise under new 'buy British' grid plans, Labour admits . Household energy bills could rise under Andy Burnham's plans to prioritise British businesses for contracts to upgrade the country's electricity grid
·London, United Kingdom
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Coverage Details
Total News Sources26
Leaning Left5Leaning Right2Center10Last UpdatedBias Distribution59% Center
Bias Distribution
- 59% of the sources are Center
59% Center
L 29%
C 59%
12%
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