Ed Miliband to announce Labour plan to boost energy independence and cut bills
(8 Oct 2023) Exclusive: Party says bill would enable UK electricity system to be fully based on clean power by 2030.
Ed Miliband is to announce Labour’s plan for an energy independence act that would boost Britain’s energy independence and cut bills for families.
The party says the bill will enable a Labour government to establish a UK electricity system fully based on clean power by 2030, with the largest expansion of renewable power in Britain’s history, and establish “GB Energy”, a publicly owned energy company announced by Keir Starmer last year.
Labour sources have suggested the party would aim to include the act in the king’s speech so it could become law soon after a general election win. One source said the act showcased “modern public ownership, working with the private sector without the need to nationalise”.
In his speech on Monday, Miliband, the shadow secretary of state for energy security and net zero, will attack the Conservatives’ record on energy security, saying the UK was the most exposed economy in western Europe to the energy price spike caused by Russia’s invasion of Ukraine.