The Great British Energy Bill is a government bill which would establish Great British Energy, a new government-owned clean energy company. The government has said the new company will support the creation of new jobs by investing in the clean energy sector. It has also asserted that, by reducing the UK’s dependence on fossil fuels, it would help drive down the UK’s energy costs and ensure the country’s long-term energy security.
Great British Energy Bill (382KB PDF)
The bill would:
Opposition parties have criticised some aspects of the bill, arguing that it does not provide sufficient independent oversight about how this new company would operate. Similarly, criticism has been levelled at the government for not explaining sufficiently how the new company would help to reduce household energy costs or create new jobs.
The bill passed its Commons stages unamended. Second reading in the House of Lords is scheduled to take place on 18 November 2024.
Great British Energy Bill (382KB PDF)
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