Great British Energy Act 2025

LA2B(a)

at end insert— ""slavery” includes— (a) forced labour, (b) State-imposed forced labour, (c) exploitative child labour, (d) abuses of workers' rights, and (e) dangerous working conditions."

LA2B(a)

at end insert— ""slavery” includes— (a) forced labour, (b) State-imposed forced labour, (c) exploitative child labour, (d) abuses of workers' rights, and (e) dangerous working conditions."

2C

Clause 3, page 2, line 18, at end insert— "(e) the eradication of goods and services tainted by modern slavery and human trafficking from its energy supply chains.”

2B

Clause 3, page 2, line 18, at end insert— “(e) measures for ensuring that slavery and human trafficking is not taking place in its business or supply chains.”

Clause 3, page 2, line 18, at end insert— "(e) the eradication of goods and services tainted by modern slavery and human trafficking from its energy supply chains."

2B

Line 3, at end insert- "(7) The Independent Anti-Slavery Commissioner shall, in consultation with business and relevant government departments, define and determine the threshold for credible evidence, under subsection (6)."

2A

Line 2, leave out from “if” to end of line 4 and insert “, upon request by the taskforce under subsection (7), a company designated Great British Energy is unable to prove that their supply chain is free of state-imposed forced labour. (7) The Secretary of State must establish a cross-ministerial taskforce on state-imposed forced labour to make requests under subsection (6) and to scrutinise the proof provided."

1

Clause 3, page 2, line 18, at end insert — "(including through projects involving or benefiting local communities)."

2

Clause 4, page 3, line 5, at end insert - "(6) Financial assistance under this section must not be provided if there exists credible evidence of modern slavery in the energy supply chain of any company designated Great British Energy."

3

Clause 5, page 3, line 8, at end insert - "(1A) The Secretary of State must comply with subsection (1) within the period of six months beginning with the day on which this Act comes into force."

4

Clause 5, page 3, line 12, leave out “consult the Scottish Ministers before including” and insert "not, without the consent of the Scottish Ministers, include"

5

Clause 5, page 3, line 13, leave out “subject”

6

Clause 5, page 3, line 16, leave out “consult the Welsh Ministers before including" and insert "not, without the consent of the Welsh Ministers, include"

7

Clause 5, page 3, line 17, leave out “subject”

8

Clause 5, page 3, line 20, leave out from “must” to “in” in line 21 and insert “not, without the consent of the Department for the Economy in Northern Ireland, include"

9

Clause 5, page 3, line 22, leave out "subject"

10

Clause 5, page 3, line 28, leave out subsection (7)

11

After Clause 6, insert the following new Clause- “Reviews of Great British Energy's effectiveness (1) The Secretary of State must appoint an independent person to carry out reviews of the effectiveness of Great British Energy. (2) In carrying out the review, the independent person must have regard to the statement of strategic priorities prepared by the Secretary of State under section 5(1). (3) After each review, the independent person must- (a) prepare a report of the review, and (b) submit the report to the Secretary of State. (4) On receiving a report, the Secretary of State must- (a) send a copy of the report to the Scottish Ministers, the Welsh Ministers and the Department for the Economy in Northern Ireland, and (b) no less than 14 days after complying with paragraph (a) — (i) publish the report, and (ii) lay a copy of the report before Parliament. (5) The first report must be submitted to the Secretary of State within the period of 5 years beginning with the day on which this Act comes into force. (6) Subsequent reports must be submitted to the Secretary of State at intervals of not more than 5 years. (7) In this section, references to an “independent person” are to a person who appears to the Secretary of State to be independent of - (a) the Secretary of State, and (b) Great British Energy.”

12

After Clause 7, insert the following new Clause- "Sustainable development Great British Energy must keep under review the impact of its activities on the achievement of sustainable development in the United Kingdom."

[Withdrawn]
After Clause 6, insert the following new Clause—
“Reviews of Great British Energy’s effectiveness
(1) The Secretary of State must appoint an independent person to carry out reviews of the effectiveness of Great British Energy.
(2) In carrying out the review, the independent person must have regard to the statement of strategic priorities prepared by the Secretary of State under section
5(1)
.
(3) After each review, the independent person must—
(a) prepare a report of the review, and
(b) submit the report to the Secretary of State.
(4) On receiving a report, the Secretary of State must—
(a) publish the report, and
(b) lay a copy of the report before Parliament.
(5) The first report must be submitted to the Secretary of State within the period of 5 years beginning with the day on which this Act comes into force.
(6) Subsequent reports must be submitted to the Secretary of State at intervals of not more than 5 years.
(7) In this section, references to an “independent person” are to a person who appears to the Secretary of State to be independent of—
(a) the Secretary of State, and
(b) Great British Energy.”

This amendment requires the Secretary of State to appoint an independent person to carry out reviews of the effectiveness of Great British Energy.

7

Clause 3, page 2, line 18 at end insert—
“(e) the production of nuclear energy.”

This would amend Great British Energy’s objects to include the production of nuclear energy.

9

After “communities” insert “and projects providing for workforce planning and training to ensure adequate jobs and skills in a fair transition to cleaner energy”

14

After Clause 3, insert the following new Clause—
“Warm Homes Plan and emergency home insulation
(1) The Secretary of State must accept any request from Great British Energy to have responsibility over the delivery and implementation of the Warm Homes Plan.
(2) If Great British Energy makes a request under subsection (1), the Secretary of State must provide support to Great British Energy following the transference of responsibility.
(3) If Great British Energy becomes responsible for the delivery and implementation of the Warm Homes Plan, that delivery must include an emergency home insulation programme which—
(a) provides targeted support for people on low incomes,
(b) seeks to achieve to the reduction of household energy bills, and
(c) contributes to the achievement of the United Kingdom’s climate and environmental targets.”

This amendment requires the Government to transfer responsibility for the Warm Homes Plan to GBE should it be requested and further requires GBE to introduce an emergency home insulation programme that would seek to reduce household energy bills, and contribute to achieving climate and environmental targets.

15

Clause 4, page 2, line 37, at end insert—
“(2A) The maximum amount of financial assistance provided by the Secretary of State must not exceed £8.3 billion.”

17

Clause 4, page 2, line 37, at end insert—
“(2A) Financial assistance will be no less than £8.3 billion over the course of the Parliament in which this Act is passed, and will include the granting of borrowing powers.”

This is a probing amendment intended to elicit a response from the Minister regarding Government commitments about GBE budget, its timeline for delivery, and to seek clarity surrounding the ability of GBE to borrow.

19

Clause 4, page 3, line 5, at end insert—
“(6) Financial assistance under this section must not be provided if there exists credible evidence of deforestation or human rights abuses in the energy supply chain of any company designated as Great British Energy.”

This amendment is designed to ensure that financial assistance under this section is not provided if there exists credible evidence of deforestation or human rights abuses in the energy supply chain of any company designated as Great British Energy.

20

Clause 4, page 3, line 5, at end insert—
“(6) Within 12 months of the day on which this Act is passed, and annually thereafter, the Secretary of State must produce a report on all financial assistance provided to Great British Energy, and lay it before Parliament.”

This would require the Secretary of State to produce an annual report on financial assistance provided to Great British Energy.

25

Clause 5, page 3, line 8, at end insert—
“(1A) The statement of strategic priorities under subsection (1) must include supporting the delivery of the Community Energy Fund.”

This is a probing amendment intended to elicit a response from the Minister regarding the Government’s intention surrounding the Community Energy Fund, specifically on its capital resourcing, level of uptake, and future continuation.

26

Clause 5, page 3, line 8, at end insert—
“(1A) The statement of strategic priorities under subsection (1) must include developing supply chains within the United Kingdom in the pursuit of Great British Energy’s objects under section 3 (objects).
(1B) In this section “supply chains” means the network of individuals, organisations, resources, activities and technology involved in the creation and sale of a commodity connected with Great British Energy’s objects under section 3.”

This amendment would require the statement of strategic priorities to include developing supply chains within the United Kingdom.

43

After Clause 7, insert the following new Clause—
“Reviews of Great British Energy’s effectiveness and impact
(1) The Chancellor of the Exchequer must appoint an independent person to carry out reviews of—
(a) the effectiveness of Great British Energy in delivering its strategic priorities, and
(b) the extent to which its investments in particular projects or types of project have encouraged additional investment in those projects or types of project by the private sector.
(2) After each review, the independent person must—
(a) prepare a report of the review, and
(b) submit the report to the Treasury.
(3) On receiving a report, the Treasury must—
(a) publish the report, and
(b) lay a copy of the report before Parliament.
(4) The first report must be submitted to the Treasury within the period of 3 years beginning with the day on which this Act comes into force.
(5) Subsequent reports must be submitted to the Treasury at intervals of not more than 3 years.
(6) In this section, references to an “independent person” are to a person who appears to the Chancellor of the Exchequer to be independent of—
(a) the Treasury, and
(b) Great British Energy.”

This amendment would require an independent review of the effectiveness of Great British Energy in achieving its objectives and the extent to which it has encouraged private investment every 3 years.

46

After Clause 7, insert the following new Clause—
“Impact assessment on erection of pylons
(1) Great British Energy must assess the potential impact of the erection of pylons which occurs under or in support of its functions on—
(a) local communities, and
(b) the environment.
(2) If the assessment under subsection (1) determines that the erection of pylons—
(a) will cause significant harm to local communities, or
(b) will cause significant environmental damage
Great British Energy must not facilitate, encourage or participate in the relevant activity.
(3) Within 12 months of the day on which this Act is passed and annually thereafter, Great British Energy must produce an annual report on the impact of the erection of pylons used to support its activities on local communities and the environment, and lay all such reports before Parliament.”

This would require Great British Energy to assess and report on the impact on local communities and the environment of the erection of pylons used to support its activities.

47

After Clause 7, insert the following new Clause—
“Impact assessment of offshore wind energy installations and generation
(1) The Secretary of State must assess the impact of offshore wind energy installations and generation which occur under Great British Energy’s functions on—
(a) the environment, and
(b) animal welfare.
(2) If an assessment under subsection (1) determines that relevant offshore energy installation and generation is causing—
(a) environmental damage, or
(b) significant animal welfare issues,
Great British Energy must cease facilitating, encouraging or participating in the relevant activity.”

This would require the Secretary of State to assess the impact on the environment and animal welfare of the installation and generation of offshore wind energy technologies.

48

After Clause 7, insert the following new Clause—
“Impact assessment of decommissioning of oil and gas structures
(1) The Secretary of State must assess the impact of decommissioning offshore oil and gas structures which occurs under Great British Energy’s functions on—
(a) environmental, and
(b) animal welfare.
(2) If an assessment under subsection (1) determines that relevant decommissioning of offshore oil and gas structures is causing
(a) environmental damage, or
(b) significant animal welfare issues,
Great British Energy must cease facilitating, encouraging or participating in the relevant activity.”

This would require the Secretary of State to assess the impact of decommissioning offshore oil and gas structures which occur under Great British Energy’s functions on the environment and animal welfare.

49

After Clause 7, insert the following new Clause—
“Restriction on borrowing
(1) The Secretary of State may by regulations implement a limit on borrowing undertaken by Great British Energy.
(2) Where Great British Energy has total borrowing exceeding the limit set by regulations made under subsection (1), Great British Energy may not make a payment of dividends, capital, assets, or interest to shareholders or controlling entities.
(3) A statutory instrument containing regulations under this section may not be made unless a draft of the instrument has been laid before and approved by a resolution of each House of Parliament.”

This would require the Secretary of State to limit borrowing undertaken by Great British Energy.

50

After Clause 7, insert the following new Clause—
“Duty to meet national food security criteria
Great British Energy must, in the exercise of its functions and when delivering the objects in section 3 and statement of strategic priorities in section 5 of this Act, take all reasonable steps to prevent the use of agricultural land classified as grade 1, 2 or 3a for solar energy production.”

This amendment would require Great British Energy to take all reasonable steps to prevent the use of agricultural land classified as grade 1, 2 or 3a for solar energy production.

51

After Clause 7, insert the following new Clause—
“Offshore energy
(1) The Secretary of State must assess the impact of offshore energy installation and generation which occur under Great British Energy’s functions on—
(a) the environment, and
(b) animal welfare.
(2) If the assessment under subsection (1) determines that the relevant offshore energy installation and generation is causing—
(a) environmental damage, or
(b) significant animal welfare issues,
Great British Energy must cease facilitating, encouraging or participating in the relevant activity.
(3) For the purposes of this section “offshore energy installation” means any installation that is offshore for the purposes of energy generation, including wind, tidal and wave energy installations.”

This would require the Secretary of State to assess the impact on the environment and animal welfare of the installation and generation of offshore energy technologies and its associated cabling.

52

After Clause 7, insert the following new Clause—
“Agricultural land protections
Great British Energy may not own agricultural land classified as grade 1, 2 or 3a.”

This would prevent Great British Energy from owning agricultural land graded 1, 2 or 3a, to protect the most productive and versatile land for food production.

53

After Clause 7, insert the following new Clause—
“Consultation requirements
(1) Agricultural land must not be developed by Great British Energy for the purpose of developing renewable energy installations and generation without conducting a public consultation on that development.
(2) Any public consultation conducted under subsection (1) must consider the views of residents and those that work within 20 miles of the farthest extent of the proposed development.”

This would restrict Great British Energy from promoting or investing in schemes for the purpose of developing renewable energy installations and generation without consulting with the public, to protect the most productive and versatile land for food production.

54

Clause 8, page 4, line 15, leave out subsection (2) and insert—
(2) This section comes into force on the day on which this Act is passed.
(2A) Other sections in this Act come into force on the day the Secretary of State publishes an assessment on the expected impact of this Act on the number of jobs in Aberdeen.”

55

Clause 8, page 4, line 15, leave out subsection (2) and insert—
“(2) This section comes into force on the day on which this Act is passed.
(2A) Other sections in this Act come into force on the day the Secretary of State publishes a report on the cost and viability of the Government’s net zero targets.”

56

Clause 8, page 4, line 15, leave out subsection (2) and insert—
“(2) Sections 1 to 3, 5 to 7 and this section come into force on the day on which this Act is passed.
(2A) Section 4 comes into force on the day on which the Secretary of State lays a statement before Parliament defining the conditions referred to in section 4(3).”

This amendment would prevent section 4 coming into force until the Secretary of State has defined the conditions by which financial assistance may be provided to Great British Energy.

57

Clause 8, page 4, line 15, leave out subsection (2) and insert—
“(2) This section comes into force on the day on which this Act is passed.
(2A) Other sections in this Act come into force two months after a revised Financial Framework Document has been laid before Parliament and a Minister has tabled a motion for resolution on the Financial Framework Document in each House of Parliament.”

This amendment would require the publication of a revised Financial Framework Document before the Act can come into force.

1

After Clause 1, insert the following new Clause—
“Objectives
Great British Energy’s objectives are—
(a) to reduce energy costs in the United Kingdom in a sustainable way,
(b) to enhance the United Kingdom’s energy security,
(c) to increase the levels of clean energy generation in the United Kingdom, and
(d) to increase the availability of long-term energy storage infrastructure in the United Kingdom.”

10

Clause 3, page 2, line 20, after “means” insert “renewable energy, nuclear energy and”

This amendment would ensure that nuclear power is included within the definition of clean energy under this Bill.

13

Clause 3, page 2, line 21, at end insert “or biomass, as defined in section 100(3) of the Energy Act 2008”

This amendment would ensure that biomass energy production (defined as material, other than fossil fuel or peat, which is, or is derived directly or indirectly from, plant matter, animal matter, fungi or algae) was not within the definition of clean energy and so not within scope for GBE’s potential investments.

33

Clause 5, page 3, line 27, at end insert—
“(6A) Prior to publishing a statement of strategic priorities for Great British Energy the Secretary of State must consult—
(a) Great British Nuclear, and
(b) the National Wealth Fund.”

This amendment would require the Secretary of State to consult Great British Nuclear and the National Wealth Fund before publishing a statement of strategic priorities for Great British Energy.

36

Clause 6, page 3, line 38, at end insert—
“(1A) The Secretary of State must give a specific direction to Great British Energy that it must consult with Great British Nuclear prior to investing in the production, storage and supply of nuclear energy.”

This amendment would require the Secretary of State to give a specific direction to Great British Energy that it must consult with Great British Nuclear.

37

Clause 7, page 4, line 10, at end insert—
“(1A) In addition to complying with section 441 of the Companies Act 2006, the accounts and reports must include such other information as the Treasury may require, including—
(a) information on financial assistance received in accordance with section 4,
(b) information on any investments made or partnerships entered into,
(c) an assessment of how those investments or partnerships meet the objectives and strategic priorities of Great British Energy, and
(d) an assessment of the extent to which those investments or partnerships have encouraged additional investment by the private sector.”

This amendment would add further requirements to be included in the annual report and accounts of the company, including flexibility for the Treasury to define additional requirements.

44

After Clause 7, insert the following new Clause—
“Biomass power generation
(1) Within six months of the day on which this Act is passed, Great British Energy must publish a plan for its use of biomass power generation and an assessment of the impact that will have on decarbonisation and supply security of the energy sector.
(2) Factors in that assessment must include—
(a) the extent to which Great British Energy’s use of biomass power generation will contribute to achieving Clean Power 2030,
(b) the sustainability of Great British Energy’s intended use of biomass power generation, including a plan for compliance with sustainability requirements,
(c) the impact of Great British Energy’s use of biomass power generation on the UK’s achievement of relevant targets under the Climate Change Act 2008 and the Environment Act 2021, and the UK’s international obligations under the United Nations Framework Convention on Climate Change and the Convention on Biological Diversity,
(d) the extent to which Great British Energy’s use of biomass power generation industry will be carbon neutral, and
(e) the extent to which Great British Energy’s use of biomass power generation will support the UK’s energy supply security.”

This amendment would require GBE to carry out an assessment of its use of, and impacts on, sustainable biomass and its compliance with the UK’s legally binding targets and international obligations.

45

After Clause 7, insert the following new Clause—
“Reviews of Great British Energy’s effectiveness and impact
(1) The Secretary of State must appoint an independent person to carry out reviews of—
(a) the effectiveness of Great British Energy in delivering its strategic priorities, and
(b) the extent to which its investments in particular projects or types of project have encouraged additional investment in those projects or types of project by the private sector.
(2) After each review, the independent person must—
(a) prepare a report of the review, and
(b) submit the report to the Secretary of State.
(3) On receiving a report, the Secretary of State must—
(a) publish the report, and
(b) lay a copy of the report before Parliament.
(4) The first report must be submitted to the Secretary of State within the period of 3 years beginning with the day on which this Act comes into force.
(5) Subsequent reports must be submitted to the Secretary of State at intervals of not more than 3 years.
(6) In this section, references to an “independent person” are to a person who appears to the Secretary of State to be independent of—
(a) the Department of Energy and Net Zero, and
(b) Great British Energy.”

This amendment would require an independent review of the effectiveness of Great British Energy in achieving its objectives and the extent to which it has encouraged private investment every 3 years.

2

Clause 3, page 2, line 13, after “encouraging” insert “investment in,”

This amendment, along with others in the name of Baroness Liddell of Coatdyke, aims to broaden the definition of "clean energy" to include technologies that directly or indirectly reduce greenhouse gas emissions, such as Carbon Capture, Utilisation & Storage (CCUS) and low carbon hydrogen.

3

Clause 3, page 2, line 13, at end insert “one or more of”

This amendment, along with others in the name of Baroness Liddell of Coatdyke, aims to broaden the definition of "clean energy" to include technologies that directly or indirectly reduce greenhouse gas emissions, such as Carbon Capture, Utilisation & Storage (CCUS) and low carbon hydrogen.

4

Clause 3, page 2, line 15, after “reduction” insert “directly or indirectly,”

This amendment, along with others in the name of Baroness Liddell of Coatdyke, aims to broaden the definition of "clean energy" to include technologies that directly or indirectly reduce greenhouse gas emissions, such as Carbon Capture, Utilisation & Storage (CCUS) and low carbon hydrogen.

5

Clause 3, page 2, line 15, leave out “produced” and insert “derived”

This amendment, along with others in the name of Baroness Liddell of Coatdyke, aims to broaden the definition of "clean energy" to include technologies that directly or indirectly reduce greenhouse gas emissions, such as Carbon Capture, Utilisation & Storage (CCUS) and low carbon hydrogen.

6

Clause 3, page 2, line 18, after “ensuring” insert “directly or indirectly, in whole or in part,”

This amendment, along with others in the name of Baroness Liddell of Coatdyke, aims to broaden the definition of "clean energy" to include technologies that directly or indirectly reduce greenhouse gas emissions, such as Carbon Capture, Utilisation & Storage (CCUS) and low carbon hydrogen.

8

Clause 3, page 2, line 18, at end insert—
“(including through projects involving or benefiting local communities).”

This amendment clarifies that Great British Energy may facilitate, encourage and participate in the things mentioned in subsection (2)(a) to (d) through projects involving or benefiting local communities.

11

Clause 3, page 2, line 20, after the second “energy” insert “and molecules”

This amendment, along with others in the name of Baroness Liddell of Coatdyke, aims to broaden the definition of "clean energy" to include technologies that directly or indirectly reduce greenhouse gas emissions, such as Carbon Capture, Utilisation & Storage (CCUS) and low carbon hydrogen.

12

Clause 3, page 2, line 20, after “than” insert “unabated”

This amendment, along with others in the name of Baroness Liddell of Coatdyke, aims to broaden the definition of "clean energy" to include technologies that directly or indirectly reduce greenhouse gas emissions, such as Carbon Capture, Utilisation & Storage (CCUS) and low carbon hydrogen.

21

Clause 5, page 3, line 8, at end insert—
“(1A) The Secretary of State must comply with subsection (1) within the period of six months beginning with the day on which this Act comes into force.”

This amendment requires the Secretary of State to prepare a statement of strategic priorities for Great British Energy within the period of six months beginning with the day on which this Act comes into force.

38

After Clause 7, insert the following new Clause—
“Sustainable development
Great British Energy must keep under review the impact of its activities on the achievement of sustainable development in the United Kingdom.”

This amendment requires Great British Energy to keep under review the impact of its activities on the achievement of sustainable development in the United Kingdom.

Clause 3, page 2, line 18, at end insert- “(including through projects involving or benefiting local communities).”

Clause 5, page 3, line 8, at end insert - "(1A) The Secretary of State must comply with subsection (1) within the period of six months beginning with the day on which this Act comes into force.”

LORD BERKELEY

Clause 6, page 3, line 38, at end insert- "(1A) The Secretary of State must give a specific direction to Great British Energy that, in meeting its objects under section 3, it must give full consideration to properties which are not connected to the gas grid and the value of renewable liquid fuels in meeting those objects. (1B) The direction must require Great British Energy to publish a report to assess the potential benefits to consumers of implementing a renewable liquid heating fuel obligation under section 159 of the Energy Act 2023. (1C) A report under subsection (1B) must be made within three months of the day on which this Act is passed. (1D) The Secretary of State must lay a report made under subsection (1B) before Parliament. (1E) The Secretary of State must implement section 159(3) of the Energy Act 2023 (renewable liquid heating fuel obligations: consultation) within three months of receiving the report."

After Clause 7, insert the following new Clause- "Sustainable development Great British Energy must keep under review the impact of its activities on the achievement of sustainable development in the United Kingdom."

After Clause 7, insert the following new Clause- "Return on investments (1) The Secretary of State must give a specific direction to Great British Energy that it must achieve a 10% minimum return on its investments annually. (2) Great British Energy must report to the Secretary of State on its in-year rate of return on investment. (3) A report under subsection (2) must be made within two years of the day on which this Act is passed, and annually thereafter. (4) The Secretary of State must lay any report made under subsection (2) before Parliament. (5) The Secretary of State may vary the provision in subsection (1) by regulations made by statutory instrument."

16

Clause 4, page 2, line 37, at end insert—
“(2A) Financial assistance may only be provided under this section once approval has been given by His Majesty’s Treasury.”

(2A) The maximum amount of financial assistance provided by the Secretary of State must not exceed £8.3 billion. (2B) The Secretary of State may vary the provision in subsection (2A) by regulations made by statutory instrument. (2C) A statutory instrument containing regulations under subsection (2B) may not be made unless a draft of the instrument has been laid before and approved by a resolution of each House of Parliament.

(6) Financial assistance under this section must not be provided if there exists credible evidence of modern slavery in the energy supply chain of any company designated Great British Energy.

After Clause 7, insert the following new Clause- "The Chair of Great British Energy (1) The Chair of Great British Energy may not be appointed until the appointment has been scrutinised by the - (a) Treasury Committee of the House of Commons, or any successor committee, and (b) Energy Security and Net Zero Committee of the House of Commons, or any successor committee. (2) The Chair of Great British Energy must undergo an annual review on their performance and this review must be - (a) carried out by external auditors; (b) submitted to the Secretary of State and laid before Parliament.”

After Clause 7, insert the following new Clause- "Duty of Great British Energy to meet environmental criteria Great British Energy must, in the exercise of its functions, and when delivering the objects in section 3 and statement of strategic priorities in section 5 of this Act, take all reasonable steps to contribute to the achievement of environmental targets set under the Environment Act 2021."

After Clause 7, insert the following new Clause- "Review of effective delivery (1) The Secretary of State must appoint an independent person to carry out reviews of the effectiveness of Great British Energy in- (a) delivering its objects under section 3, (b) meeting its strategic priorities under section 5, and (c) complying with any directions given under section 6. (2) The independent person must, as soon as is reasonably practicable after the completion of the review – (a) prepare a report of the review, and (b) submit the report to the Secretary of State. (3) The independent person must submit to the Secretary of State - (a) the first report under this section within 12 months of the day on which this Act is passed, and (b) subsequent reports at intervals of no more than 12 months thereafter. (4) On receiving the report, the Secretary of State must, as soon as is reasonably practicable in each case – (a) publish the report, (b) lay a copy of the report before Parliament, and (c) prepare and lay before Parliament a response to the report's findings. (5) In this section, references to an “independent person" are to a person who appears to the Secretary of State to be independent of - (a) the Secretary of State, and (b) Great British Energy."

23

Clause 5, page 3, line 8, at end insert—
“(1A) The statement of strategic priorities under subsection (1) must include the reduction of household energy bills by £300 in real terms by 1 January 2030.”

This ensures that the statement of strategic priorities includes the reduction of household energy bills by £300 by 1 January 2030.

24

Clause 5, page 3, line 8, at end insert—
“(1A) The statement of strategic priorities under subsection (1) must include the creation of 650,000 new jobs in the United Kingdom by 1 January 2030 resulting directly or indirectly from Great British Energy’s pursuit of its objects under section 3.”

This ensures that the statement of strategic priorities includes the creation of 650,000 new jobs in the UK by 1 January 2030.

41

After Clause 7, insert the following new Clause—
“Return on investments
(1) The Secretary of State must give a specific direction to Great British Energy that it must achieve a 10% minimum return on its investments annually.
(2) Great British Energy must report to the Secretary of State on its in-year rate of return on investment.
(3) A report under subsection (2) must be made within two years of the day on which this Act is passed, and annually thereafter.
(4) The Secretary of State must lay any report made under subsection (2) before Parliament.
(5) The Secretary of State may vary the provision in subsection (1) by regulations made by statutory instrument.
(6) A statutory instrument containing regulations under subsection (5) may not be made unless a draft of the instrument has been laid before and approved by a resolution of each House of Parliament.”

This would require of Great British Energy that on its investments annually it must achieve a 10 per cent minimum return.

42

After Clause 7, insert the following new Clause—
“Review of effective delivery
(1) The Secretary of State must appoint an independent person to carry out reviews of the effectiveness of Great British Energy in—
(a) delivering its objects under section 3,
(b) meeting its strategic priorities under section 5, and
(c) complying with any directions given under section 6.
(2) The independent person must, as soon as is reasonably practicable after the completion of the review—
(a) prepare a report of the review, and
(b) submit the report to the Secretary of State.
(3) The independent person must submit to the Secretary of State—
(a) the first report under this section within 12 months of the day on which this Act is passed, and
(b) subsequent reports at intervals of no more than 12 months thereafter.
(4) On receiving the report, the Secretary of State must, as soon as is reasonably practicable in each case—
(a) publish the report,
(b) lay a copy of the report before Parliament, and
(c) prepare and lay before Parliament a response to the report’s findings.
(5) In this section, references to an “independent person” are to a person who appears to the Secretary of State to be independent of—
(a) the Secretary of State, and
(b) Great British Energy.”

This amendment would require that the Secretary of State appoints an independent person to review the effectiveness of Great British Energy in delivering its objects, meeting its strategic priorities, and complying with its directions.

After Clause 1, insert the following new Clause- "Objectives Great British Energy's objectives are – (a) to reduce energy costs in the United Kingdom in a sustainable way, (b) to enhance the United Kingdom's energy security, (c) to increase the levels of clean energy generation in the United Kingdom, and (d) to increase the availability of long-term energy storage infrastructure in the United Kingdom."

18

Clause 4, page 3, line 5, at end insert—
“(6) Financial assistance under this section must not be provided if there exists credible evidence of modern slavery in the energy supply chain of any company designated Great British Energy.”

22

Clause 5, page 3, line 8, at end insert—
“(1A) The statement of strategic priorities under subsection (1) must include a priority to advance the production of clean energy from schemes owned, or part owned, by community organisations.”

This amendment requires the advancement of community energy to be included in the strategic priorities.

40

After Clause 7, insert the following new Clause—
“Duty of Great British Energy to meet environmental criteria
Great British Energy must, in the exercise of its functions, and when delivering the objects in section 3 and statement of strategic priorities in section 5 of this Act, take all reasonable steps to contribute to the achievement of environmental targets set under the Environment Act 2021.”

35

Clause 6, page 3, line 38, at end insert—
“(1A) The Secretary of State must give a specific direction to Great British Energy that, in meeting its objects under section 3, it must give full consideration to properties which are not connected to the gas grid and the value of renewable liquid fuels in meeting those objects.
(1B) The direction must require Great British Energy to publish a report to assess the potential benefits to consumers of implementing a renewable liquid heating fuel obligation under section 159 of the Energy Act 2023.
(1C) A report under subsection (1B) must be made within three months of the day on which this Act is passed.
(1D) The Secretary of State must lay a report made under subsection (1B) before Parliament.
(1E) The Secretary of State must implement section 159(3) of the Energy Act 2023 (renewable liquid heating fuel obligations: consultation) within three months of receiving the report.”

This amendment would introduce a specific strategic priority for Great British Energy to work with the Government to consider the specific energy-related issues of households off the gas grid. The amendment requires the Secretary of State to exercise powers under the Energy Act 2023 to undertake a consultation on the introduction of a renewable liquid heating fuel obligation.

27

Clause 5, page 3, line 12, leave out “consult the Scottish Ministers before including” and insert “not, without the consent of the Scottish Ministers, include”

This amendment, and my amendment at page 3, line 13, provide that the Secretary of State must not, without the consent of the Scottish Ministers, include in a statement of strategic priorities anything which concerns a matter provision about which would be within the legislative competence of the Scottish Parliament.

28

Clause 5, page 3, line 13, leave out “subject”

See the explanatory statement to my amendment at page 3, line 12.

29

Clause 5, page 3, line 16, leave out “consult the Welsh Ministers before including” and insert “not, without the consent of the Welsh Ministers, include”

This amendment, and my amendment at page 3, line 17, provide that the Secretary of State must not, without the consent of the Welsh Ministers , include in a statement of strategic priorities anything which concerns a matter provision about which would be within the legislative competence of the Senedd Cymru.

30

Clause 5, page 3, line 17, leave out “subject”

See the explanatory statement to my amendment at page 3, line 16.

31

Clause 5, page 3, line 20, leave out from “must” to “in” in line 21 and insert “not, without the consent of the Department for the Economy in Northern Ireland, include”

This amendment, and my amendment at page 3, line 22, provide that the Secretary of State must not, without the consent of the Department for the Economy in Northern Ireland, include in a statement of strategic priorities anything which concerns a matter provision about which meets the conditions in subsection (6)(a) and (b).

32

Clause 5, page 3, line 22, leave out “subject”

See the explanatory statement to my amendment at page 3, line 20.

34

Clause 5, page 3, line 28, leave out subsection (7)

This amendment is made in consequence of my other amendments to this Clause.

39

After Clause 7, insert the following new Clause—
“The Chair of Great British Energy
(1) The Chair of Great British Energy may not be appointed until the appointment has been scrutinised by the—
(a) Treasury Committee of the House of Commons, or any successor committee, and
(b) Energy Security and Net Zero Committee of the House of Commons, or any successor committee.
(2) The Chair of Great British Energy must undergo an annual review on their performance and this review must be—
(a) carried out by external auditors;
(b) submitted to the Secretary of State and laid before Parliament.”

118C

After Clause 7, insert the following new Clause—
“Review: competitiveness of UK nuclear industry
(1) The Secretary of State must undertake a review of the impact of this Act on the competitiveness of the UK nuclear industry compared to other countries.
(2) The Secretary of State must lay a copy of the assessment made under subsection (1) before Parliament.”

This would require the Secretary of State to report on the impact of this Act on the competitiveness of the UK nuclear industry.

131

Clause 8, page 4, line 15, leave out subsection (2) and insert—
“(2) This section comes into force on the day on which this Act is passed.
(2A) Other sections in this Act come into force on the day the Secretary of State publishes a report on the projected cost of future investments made by Great British Energy into long duration energy storage.”

This amendment would require GB Energy to publish a report on the projected cost of long duration energy storage.

85B

Clause 6, page 3, line 38, at end insert—
“(1A) The Secretary of State must give a specific direction to Great British Energy that it must consult with Great British Nuclear prior to investing in the production, storage and supply of nuclear energy.”

This would require GB Energy to consult with Great British Nuclear before it invests in nuclear energy.

85C

Clause 6, page 3, line 38, at end insert—
“(1A) The Secretary of State must give a specific direction to Great British Energy that it must report on the impact of its investments in nuclear energy production on the levels of private investment in the UK nuclear industry.
(1B) The Secretary of State must lay a copy of the assessment made under subsection (1A) before Parliament.”

This would require GB Energy to report on the impact of its investments in nuclear energy on private investment in the UK nuclear industry.

85D

Clause 6, page 3, line 38, at end insert—
“(1A) The Secretary of State must give a specific direction to Great British Energy that it must invest in additional energy storage infrastructure to store excess renewable energy.”

This amendment would require GB Energy to invest in storage for excess renewable energy with the intention of reducing the cost of curtailment of renewable energy in instances of excess supply.

85E

Clause 6, page 3, line 38, at end insert—
“(1A) The Secretary of State must give a specific direction to Great British Energy that it must report annually on the impact of each investment it makes on the levels of curtailed renewable energy in the UK.
(1B) The Secretary of State must lay a copy of the report made under subsection (1A) before Parliament.”

This would require Great British Energy to report annually on the impact of each investment it makes on the levels of curtailed renewable energy in the UK.

85F

Clause 6, page 3, line 38, at end insert—
“(1A) The Secretary of State must give a specific direction to Great British Energy that it must report annually on the impact of its investments on the levels of electricity generated from solar technologies in the UK.
(1B) The Secretary of State must lay a copy of the report made under subsection (1A) before Parliament.”

This would require GB Energy to report annually on the impact of its investments on the levels of electricity generated from solar energy sources in the UK.

85G

Clause 6, page 3, line 38, at end insert—
“(1A) The Secretary of State must give a specific direction to Great British Energy that it must publish—
(a) an annual forecast on the impact of its investments on the amount of electricity generated in the United Kingdom from renewable energy sources;
(b) a monthly assessment of the impact of their investments on the amount of electricity generated in the United Kingdom from renewable energy sources.
(1B) The Secretary of State must lay a copy of the assessment and forecast made under subsection (1A) before Parliament.”

This amendment requires GB Energy to forecast, and report monthly on, the impact of its investments on the levels of electricity generated from renewable sources with the intention of assessing the potential energy deficit that must be met by sources other than renewables for the purposes of planning the UK’s energy mix.

85H

Clause 6, page 3, line 38, at end insert—
“(1A) The Secretary of State must give a specific direction to Great British Energy that it must publish—
(a) an annual forecast on the impact of its investments on the levels of electricity generated in the United Kingdom from wind;
(b) a monthly assessment of the impact of its investments on the levels of electricity generated in the United Kingdom from wind.
(1B) The Secretary of State must lay a copy of the assessment and the forecast made under subsection (1A) before Parliament.”

This amendment requires GB Energy to annually forecast, and report monthly on, the impact of its investments on the levels of electricity generated from wind with the intention of assessing the potential energy deficit that must be met by sources other than wind on a monthly basis for the purposes of planning the UK’s energy mix.

85I

Clause 6, page 3, line 38, at end insert—
“(1A) The Secretary of State must give a specific direction to Great British Energy that it must carry out a review on the use of long duration energy storage by Great British Energy and its projected costs.
(1B) The Secretary of State must lay a copy of the assessment made under subsection (1A) before Parliament.”

This would require GB Energy to carry out a review on the use of long duration energy storage by Great British Energy and its projected costs.

118B

After Clause 7, insert the following new Clause—
“Investment in subsidised renewable energy projects
Great British Energy must not invest in any project that relies wholly or in part on subsidies from the UK Government.”

This amendment would prevent GB Energy from investing in projects which rely on UK Government subsidies.

129

Clause 8, page 4, line 15, leave out subsection (2) and insert—
“(2) This section comes into force on the day on which this Act is passed.
(2A) Other sections in this Act come into force on the day the Secretary of State publishes a report on the appropriateness of further Government subsidy for offshore wind developments.”

This would require a report on the appropriateness of further subsidy made by the Government for offshore wind development before provisions in the Act come into force.

130

Clause 8, page 4, line 15, leave out subsection (2) and insert—
“(2) This section comes into force on the day on which this Act is passed.
(2A) Other sections in this Act come into force on the day the Secretary of State publishes a comprehensive report with calculations setting out the full costs to the consumer and the taxpayer of the UK renewable energy industry.”

56A

After paragraph (d), insert—
“(da) Great British Nuclear,
(db) the National Wealth Fund, and”

86A

After paragraph (ac), insert—
“(ad) Great British Nuclear,
(ae) the National Wealth Fund, and”

114

After Clause 7, insert the following new Clause—
“National infrastructure security
For all offshore developments promoted or part financed by Great British Energy, the company must consult with the Ministry of Defence and other relevant UK security agencies to ensure the resilience of the offshore installation including its pipeline or cable connection.”

This amendment requires that the Ministry of Defence and security agencies are consulted to ensure the resilience of our off-shore infrastructure in response to hostile action by state or non-state actors.

115

After Clause 7, insert the following new Clause—
“Great British Energy stakeholder relationships
Great British Energy must consult annually with the following marine sectors—
(a) the commercial shipping sector;
(b) the fishing industry.”

This is a probing amendment to understand how Great British Energy will work and coordinate its plans with other users of the marine space.

116

After Clause 7, insert the following new Clause—
“Duty of Great British Energy to contribute to climate change and nature targets
Great British Energy must, in the exercise of its functions, and when delivering the objects in section 3 and statement of strategic priorities in section 5, take all reasonable steps to contribute to—
(a) the achievement of targets set under Part 1 of the Climate Change Act 2008,
(b) the achievement of biodiversity targets set under sections 1 to 3 of the Environment Act 2021, and
(c) adapting to any current or predicted impacts of climate change identified in the most recent report under section 56 of the Climate Change Act 2008.”

This amendment would give Great British Energy a climate and nature duty requiring it to take all reasonable steps to contribute to the achievement of the Climate Change Act 2008 and Environment Act 2021 targets in exercising its functions and delivering on the objects in clauses 3 and 5.

117

After Clause 7, insert the following new Clause—
“Accountability of Great British Energy to Parliament
(1) Great British Energy has a duty to account to the relevant Parliamentary Committee or Committees.
(2) The relevant Parliamentary Committee or Committees are any Committee or Committees of the House of Commons, or House of Lords, or of both Houses, which notify the Secretary of State, in writing, that they have assumed the function of scrutiny of Great British Energy.
(3) Great British Energy must cooperate with the relevant Parliamentary Committee or Committees to enable it or them to—
(a) question and approve the appointments of the Directors of Great British Energy;
(b) question the Chair of Great British Energy on the exercise of the functions of Great British Energy;
(c) report on the exercise of the functions of Great British Energy;
(d) interrogate and report on whether Great British Energy exercise its functions with regard to its objects set out in section 3.
(4) Directors and the Chair of Great British Energy, when invited, must appear before the Committee or Committees (separately or jointly) for examination, and the Chair must agree to appear before the Committee or Committees (separately or jointly) at least once per calendar year.”

This would hold Great British Energy accountable to the relevant Parliamentary Committee(s).

118

After Clause 7, insert the following new Clause—
“Nature recovery
(1) It is a condition of all investments made by Great British Energy in accordance with its objects set out in section (3), that Great British Energy and its partners must make a positive contribution to nature recovery either on the site of its activities or by funding work elsewhere.
(2) For the purposes of this section, the Secretary of State may set out the metrics used to measure the impact of investments in accordance with subsection (1) by regulations made by statutory instrument.
(3) A statutory instrument containing regulations under subsection (2) may not be made unless a draft of the instrument has been laid before and approved by a resolution of each House of Parliament.”

This amendment would require GB Energy and its partners to only make investments that make a positive contribution to nature recovery.

126

Clause 8, page 4, line 15, leave out subsection (2) and insert—
“(2) This section comes into force on the day on which this Act is passed.
(2A) Other sections in this Act come into force on the day the Secretary of State publishes an assessment on the expected impact of this Act on the number of jobs in Aberdeen.”

127

Clause 8, page 4, line 15, leave out subsection (2) and insert—
“(2) This section comes into force on the day on which this Act is passed.
(2A) Other sections in this Act come into force on the day the Secretary of State publishes a report on the cost and viability of the Government’s net zero targets.”

46A

Clause 5, page 3, line 8, at end insert “, which must include a requirement for Great British Energy to deliver a public information and engagement campaign on its work as part of the national energy transition in the areas of—
(a) renewable energy,
(b) reducing greenhouse gas emissions,
(c) improving energy efficiency, and
(d) contributing to secure of energy supplies.”

51A

Clause 5, page 3, line 8, at end insert—
“(1A) The statement of strategic priorities under subsection (1) must further the goals of a fair transition for energy workers and the creation of quality energy sector jobs.”

56

Clause 5, page 3, line 27, at end insert—
“(6A) Prior to publishing a statement of strategic priorities for Great British Energy the Secretary of State must consult—
(a) the Climate Change Committee,
(b) the National Energy Systems Operator,
(c) Natural England,
(d) the Environment Agency, and
(e) any other person the Secretary of State sees fit.”

This amendment would require the Secretary of State to consult relevant stakeholders before publishing the statement of strategic priorities.

77

Clause 6, page 3, line 38, at end insert—
“(1A) The Secretary of State must give a specific direction to Great British Energy that 75% of all materials purchased as part of an investment by Great British Energy must be produced in the United Kingdom.”

This amendment would require Great British Energy to source 75 per cent of all materials purchased as part of an investment by Great British Energy from within the United Kingdom.

78

Clause 6, page 3, line 38, at end insert—
“(1A) The Secretary of State must give a specific direction to Great British Energy that it must re-invest all profits into the company.”

This would require Great British Energy to re-invest all profits back into the company.

79

Clause 6, page 3, line 38, at end insert—
“(1A) The Secretary of State must give a specific direction to Great British Energy that it must not invest in any project that relies wholly or in part on government subsidies.”

This amendment would prevent GB Energy from investing in projects which rely on Government subsidies.

80

Clause 6, page 3, line 38, at end insert—
“(1A) The Secretary of State must give a specific direction to Great British Energy that it must produce a quarterly unaudited and an annual audited report, which includes—
(a) the rate of financial returns from each investment, and
(b) the carbon emissions resulting from each investment.
(1B) The Secretary of State must lay the reports made under subsection (1A) before Parliament.”

81

Clause 6, page 3, line 38, at end insert—
“(1A) The Secretary of State must give a specific direction to Great British Energy that it must appoint an independent third party to undertake valuations of its investments.
(1B) The independent third party must produce an annual report of its valuation of each of Great British Energy’s investments and provide a copy of the report to the Secretary of State.
(1C) The Secretary of State must lay a copy of each report before Parliament.”

This would require all investments made by Great British Energy to undergo an independent valuation by a third-party.

82

Clause 6, page 3, line 38, at end insert—
“(1A) The Secretary of State must give a specific direction to Great British Energy that any investments it makes in accordance with its objects set out in section (3) must only be made in UK registered companies.”

This amendment would limit all investments made by Great British Energy to UK registered companies.

83

Clause 6, page 3, line 38, at end insert—
“(1A) The Secretary of State must give a specific direction to Great British Energy that no more than five representatives of Great British Energy may attend a Conference of the Parties to the UN Convention on Biological Diversity.”

This amendment would limit how many representatives from Great British Energy will be sent to Conferences of the Parties to the UN Convention on Biological Diversity. This is designed to limit how much of taxpayers’ money is spent on travel to these conferences.

84

Clause 6, page 3, line 38, at end insert—
“(1A) The Secretary of State must give a specific direction to Great British Energy that it must publish the principles, policies and criteria used by the company to evaluate all prospective investments.”

This would make it easier for companies and universities to apply for backing.

85

Clause 6, page 3, line 38, at end insert—
“(1A) The Secretary of State must give a specific direction to Great British Energy that it must not co-invest with Chinese state-owned companies without the intention to make that decision having been communicated with reasonable advance notice to the International Trade Committee of the House of Commons.”

This would ensure that Great British Energy does not co-invest with Chinese state-owned companies without scrutiny from the International Trade Committee.

85A

Clause 6, page 3, line 38, at end insert—
“(1A) The Secretary of State must give a specific direction to Great British Energy that it must produce an annual audited report, which must include information on carbon emissions resulting from each of its investments in renewable energy technology.
(1B) The Secretary of State must lay the reports made under subsection (1A) before Parliament.”

118A

After Clause 7, insert the following new Clause—
“Community benefits relating to renewable energy
(1) Within six months of the day on which this Act is passed, the Secretary of State must prepare and lay before Parliament a report setting out proposals for ensuring that local communities benefit from renewable energy projects undertaken by Great British Energy.
(2) The report under section (1) must set out, but is not limited to, proposals for 5% of the gross revenue from all such renewable energy projects generating over one megawatt to be paid into community benefit funds.
(3) Of the 5% paid into community benefit funds as proposed in subsection (2), the proposal must state that—
(a) from onshore projects, two thirds of that should be paid to the affected council ward, with one third paid to a council infrastructure fund;
(b) from offshore projects, all of it should go to a council infrastructure fund;
(4) The proposals must also state that existing renewable projects over one megawatt taken over by Great British Energy should pay 2% of gross revenue into community benefit funds and divide the funds as outlined in subsection (3)(a) and (b).”

This is a probing amendment regarding community benefits from GB Energy renewable energy projects.

128

Clause 8, page 4, line 15, leave out subsection (2) and insert—
“(2) This section and section 5 come into force on the day on which this Act is passed.
(2A) Other sections in this Act come into force on such a day as the Secretary of State may by regulations appoint, which must not be before the expiry of the 40-day period referred to in section 5(3A).”

This amendment defers commencement of other provisions in the Bill until the expiry of the 40-day period referred to in section 5(3A).

29A

Clause 3, page 2, line 18, at end insert—
“(2A) The statement of objects must include an object for Great British Energy to have a programme and timetable for the decommissioning and disposal of all their infrastructure, including wind turbines and pylons, in an environmentally safe manner at the end of the infrastructure’s productive life.”

90A

Clause 7, page 4, line 12, at end insert—
“(3) Either as part of the reports described in subsection (1) or in an additional report, Great British Energy must report annually on Great British Energy’s delivery of the strategic priorities set for it by the Government, contribution to the achievement of the United Kingdom’s climate and environmental targets, including its biodiversity targets, and contribution to local communities and the development of community energy.
(4) If the requirements set out in subsection (3) are met through an additional report, the Secretary of State must lay a copy of that report before Parliament.”

121A

Clause 8, page 4, line 15, leave out subsection (2) and insert—
“(2) This section and section (Framework document) come into force on the day on which this Act is passed.
(2A) Other sections in this Act come into force on such a day as the Secretary of State may by regulations appoint, which must not be before the framework document has been laid before Parliament.”

This amendment defers commencement of other provisions in the Bill until after a framework document (see amendment 93 introducing a new clause after Clause 5) has been laid before Parliament.

57

Clause 5, page 3, line 29, at end insert—
“(7A) The questions of and responses to all consultations carried out under subsections (4) to (6) must be published and laid before Parliament.”

This would require that Great British Energy publishes the consultation set out in Clause 5, Subsection 7.

Lord Offord of Garvel gives notice of his intention to oppose the Question that Clause 5 stand part of the Bill.

111

After Clause 7, insert the following new Clause—
“Impact assessment of offshore wind energy installations and generation
(1) The Secretary of State must assess the impact on—
(a) the environment, and
(b) animal welfare standards
of offshore wind energy installations and generation which occur under Great British Energy’s functions.
(2) If an assessment under subsection (4) determines that relevant offshore energy installation and generation—
(a) is causing environmental damage, or
(b) has significant animal welfare issues,
then Great British Energy must cease facilitating, encouraging or participating in the relevant activity.”

This would require the Secretary of State to assess the impact on the environment and animal welfare standards of the installation and generation of offshore wind energy technologies.

112

After Clause 7, insert the following new Clause—
“Impact assessment of decommissioning of oil and gas structures
(1) The Secretary of State must assess the—
(a) environmental, and
(b) animal welfare standards
impact of decommissioning offshore oil and gas structures which occur under Great British Energy’s functions.
(2) If an assessment under subsection (1) determines that relevant decommissioning of offshore oil and gas structures—
(a) is causing environmental damage, or
(b) has significant animal welfare issues,
then Great British Energy must cease facilitating, encouraging or participating in the relevant activity.”

This would require the Secretary of State to assess the impact of decommissioning offshore oil and gas structures which occur under Great British Energy’s functions on the environment and animal welfare standards.

113

After Clause 7, insert the following new Clause—
“Tidal energy
(1) The Secretary of State must assess the impact on—
(a) the environment, and
(b) animal welfare standards
of offshore tidal energy installation and generation which occur under Great British Energy’s functions.
(2) If the assessment under subsection (4) determines that the relevant offshore energy installation and generation—
(a) is causing environmental damage, or
(b) has significant animal welfare issues,
then Great British Energy must cease facilitating, encouraging or participating in the relevant activity.”

This would require the Secretary of State to assess the impact on the environment and animal welfare standards of the installation and generation of offshore tidal energy technologies and its associated cabling.

1

Clause 1, page 1, line 2, leave out “company” and insert “subsidiary of the National Wealth Fund”

This would probe into the relationship between Great British Energy and the National Wealth Fund - formerly the UK Infrastructure Bank.

2

Clause 1, page 1, line 3, at end insert “, in order to advance the objectives set out in subsection (1A).
(1A) The objectives which the Secretary of State must seek to advance in designating a company as Great British Energy are—
(a) reducing household energy costs in a sustainable way, and
(b) promoting the United Kingdom’s energy security.”

5

Clause 1, page 1, line 6, leave out “Crown” and insert “Secretary of State”

This would specify that Great British Energy would be owned by the Secretary of State for the Department for Energy Security and Net Zero.

3

Clause 1, page 1, line 6, leave out “wholly”

This would probe into the fact that Great British Energy may be designated a company only if it is wholly owned by the Crown.

96

After Clause 7, insert the following new Clause—
“Reports to Parliament
(1) Great British Energy must publish an annual report and send it to the Energy Security and Net Zero Committee, or any successor Committee, of the House of Commons.
(2) The report under subsection (1) must consider Great British Energy functions and activity in the contribution to the following—
(a) supporting local communities and economies;
(b) the achievement of the United Kingdom’s climate and environmental targets;
(c) the relationship with The Crown Estate;
(d) a just transition to green energy;
(e) a jobs and skills transition into the green economy.
(3) Great British Energy must appear before the Energy Security and Net Zero, or any successor Committee, if requested by the Committee.”

This amendment would require GB Energy to publish an annual report before Parliament through the Commons ESNZ Committee.

97

After Clause 7, insert the following new Clause—
“Sustainable development
Great British Energy must keep under review the impact of their activities on the achievement of sustainable development in the United Kingdom.”

The amendment would require GB Energy to keep the impact of their activities on the achievement of sustainable development under review. Sustainable development goals as recognised by the United Nations, the Commonwealth and other bodies refer to human development that aims to meet the economic, environmental and social needs of the present while also ensuring the ability of future generations to meet their own needs.

8

Clause 3, page 2, line 13, after “encouraging” insert “investing in”

9

Clause 3, page 2, line 13, after “in” insert “one or more of”

13

Clause 3, page 2, line 15, leave out “produced” and insert “derived”

123

Clause 8, page 4, line 15, leave out subsection (2) and insert—
“(2) This section and section 5 come into force on the day on which this Act is passed.
(2A) Sections 1 to 4, 6 and 7 come into force on the day the statement required by section 5(1) has been approved by both Houses of Parliament, in the form of a motion for resolution under section 5(3A).”

This amendment means the Bill cannot come into force unless the statement of strategic priorities has been laid and approved by Parliament.

12

Clause 3, page 2, line 15, after “reduction” insert “, directly or indirectly,”

103

After Clause 7, insert the following new Clause—
“Reviews of Great British Energy’s effectiveness and impact
(1) The Chancellor of the Exchequer must appoint an independent person to carry out reviews of—
(a) the effectiveness of Great British Energy in delivering its objectives, and
(b) the extent to which its investments in particular projects or types of project have encouraged additional investment in those projects or types of project by the private sector.
(2) After each review, the independent person must—
(a) prepare a report of the review, and
(b) submit the report to the Treasury.
(3) On receiving a report, the Treasury must—
(a) publish the report, and
(b) lay a copy of the report before Parliament.
(4) The first report must be submitted to the Treasury within the period of 3 years beginning with the day on which this Act is passed.
(5) Subsequent reports must be submitted to the Treasury at intervals of not more than 3 years.
(6) In this section, references to an “independent person” are to a person who appears to the Chancellor of the Exchequer to be independent of—
(a) the Treasury, and
(b) Great British Energy.”

This amendment would require an independent review of the effectiveness of Great British Energy in achieving its objectives and the extent to which it has encouraged private investment every 3 years.

14

Clause 3, page 2, line 18, after “ensuring” insert “, directly or indirectly, in whole or in part,”

104

After Clause 7, insert the following new Clause—
“Agricultural land protections
(1) Great British Energy may not own agricultural land classified as grade 1, 2 or 3.
(2) Any agricultural land purchased by Great British Energy must not be developed for the purpose of developing renewable energy installations and generation without conducting a public consultation on that development.
(3) Any public consultation conducted under subsection (2) must consider the views of residents and those that work within 20 miles of the farthest extent of the proposed development.
(4) Should a majority of respondents specified under subsection (3) oppose a development, Great British Energy must not proceed with it.”

This would restrict the land ownership of Great British Energy and would require that agricultural land which they purchase must not be developed for the purpose of developing renewable energy installations and generation without consulting with the public, to protect the most productive and versatile land for food production.

105

After Clause 7, insert the following new Clause—
“Agricultural land protections (2)
Great British Energy may not own agricultural land classified as grade 1, 2 or 3.”

This would prevent Great British Energy from owning agricultural land graded 1, 2 or 3, to protect the most productive and versatile land for food production.

125

Clause 8, page 4, line 15, leave out subsection (2) and insert—
“(2) This section comes into force on the day on which this Act is passed.
(2A) Sections 1 to 4, 6 and 7 come into force two months after a revised Financial Framework Document has been laid before Parliament and the Secretary of State has tabled a motion for resolution on the Financial Framework Document in each House of Parliament.”

This would require the publication of the Financial Framework Document before the Act is passed.

106

After Clause 7, insert the following new Clause—
“Annual report: impact on coastal communities
(1) Within 12 months of the day on which this Act is passed, and annually thereafter, Great British Energy must annually report on the impact of their activities on coastal communities.
(2) The Secretary of State must lay a copy of these reports before Parliament.”

This would require Great British Energy to annually report on the impact of their activities on coastal communities.

107

After Clause 7, insert the following new Clause—
“Annual report: impact on commercial fishing
(1) Within 12 months of the day on which this Act is passed, and annually thereafter, Great British Energy must report on the impact of their activities on commercial fishing.
(2) The Secretary of State must lay a copy of these reports before Parliament.”

This would require Great British Energy to annually report on the impact of their activities on commercial fishing.

108

After Clause 7, insert the following new Clause—
“Restriction on borrowing
(1) The Secretary of State may by regulations implement a limit on borrowing undertaken by Great British Energy.
(2) Where Great British Energy has total borrowing exceeding the limit set by regulations made under subsection (1), Great British Energy may not make a payment of dividends, capital, assets, or interest to shareholders or controlling entities.
(3) A statutory instrument containing regulations under this section may not be made unless a draft of the instrument has been laid before and approved by a resolution of each House of Parliament.”

This would require the Secretary of State to limit borrowing undertaken by Great British Energy.

109

After Clause 7, insert the following new Clause—
“Products in Great British Energy supply chains manufactured in China
In fulfilling its objects under section 3(2), Great British Energy must ensure that any products in its supply chains which have been manufactured in China carry a warning that they have been made in a state accused of genocide and potentially culpable of using slave labour.”

20

Clause 3, page 2, line 18, at end insert—
“(e) measures for engaging with local authorities about local area energy plans and governance of the energy system at a local level.”

This amendment clarifies the role of Great British Energy in local area energy planning.

110

After Clause 7, insert the following new Clause—
“Impact assessment on erection of pylons
(1) In exercising its functions set out in subsection (2)(a), Great British Energy must assess the potential impact on—
(a) local communities, and
(b) the environment
of the erection of pylons.
(2) If the assessment under subsection (4) determines that the erection of pylons—
(a) will cause significant harm to local communities, or
(b) will cause significant environmental damage
then Great British Energy must not facilitate, encourage or participate in the relevant activity.
(3) Within 12 months of the passing of this Act, Great British Energy must produce an annual report on the impact of the erection of pylons used to support its activities on local communities and the environment, and lay it before Parliament.”

This would require Great British Energy to assess and report on the impact on local communities and the environment of the erection of pylons used to support its activities.

22

Clause 3, page 2, line 18, at end insert—
“(e) the exploration of oil and gas in the North Sea where the UK’s energy security is compromised.”

This would amend Great British Energy’s objects to include the exploration of oil and gas in the North Sea where the UK’s energy security is compromised.

31

Clause 3, page 2, line 20, after second “energy” insert “and molecules”

32

Clause 3, page 2, line 20, after “than” insert “unabated”

35

Clause 4, page 2, line 32, leave out “grant”

This would probe into the types of financial assistance which can be provided to Great British Energy by the Secretary of State.

37

Clause 4, page 2, line 33, leave out paragraphs (b) to (e)

This would probe into the types of financial assistance which can be provided to Great British Energy by the Secretary of State.

38

Clause 4, page 2, line 37, leave out paragraph (e)

This would probe into the types of financial assistance which can be provided to Great British Energy by the Secretary of State.

39

Clause 4, page 2, line 37, at end insert—
“(2A) Financial assistance may only be provided under this section once Great British Energy has developed a plan for how it will transition to clean energy, with details of how it will prioritise development of—
(a) green steel,
(b) green hydrogen,
(c) industrial decarbonisation,
(d) gigafactories, and
(e) ports.”

40

Clause 4, page 2, line 37, at end insert—
“(2A) Any financial assistance provided to Great British Energy under subsection (1) or (2) must be included in the Government’s assessment of United Kingdom general gross debt.”

This would require any financial assistance provided to Great British Energy to be included in national debt.

41

Clause 4, page 2, line 37, at end insert—
“(2A) Great British Energy must not sell shares either privately or publicly without the approval of Parliament.
(2B) If Parliamentary approval is granted, the Directors must notify Companies House and obey all other requirements of limited liability companies.”

This would require Great British Energy to not sell shares without the approval of Parliament.

44

Clause 4, page 3, line 5, at end insert—
“(6) Within 12 months of the day on which this Act is passed the Secretary of State must produce an annual report on all financial assistance provided to Great British Energy, and lay it before Parliament.”

This would require the Secretary of State to produce an annual report on financial assistance provided to Great British Energy.

45

Clause 4, page 3, line 5, at end insert—
“(6) This section shall not come into force until the Secretary of State has defined “conditions” in subsection (3) by regulations.
(7) A statutory instrument containing regulations under subsection (6) may not be made unless a draft of the instrument has been laid before and approved by a resolution of each House of Parliament.”

This would prevent the Act being passed until the Secretary of State has defined the conditions by which financial assistance may be provided to Great British Energy.

46

Clause 5, page 3, line 8, at end insert “which in his or her opinion will assist the reduction of greenhouse gas emissions, improvements in energy efficiency, the security of energy supplies and a more diverse ownership of energy facilities (including community ownership) that benefit people and communities.”

54

Clause 5, page 3, line 11, at end insert—
“(3A) The Secretary of State must arrange for the tabling of a motion for resolution in each House of Parliament within 14 days of laying the statement before Parliament.”

55

Clause 5, page 3, line 27, at end insert—
“(6A) The Secretary of State must conduct a meaningful consultation of at least 12 weeks’ duration before preparing a statement under this section and must consult—
(a) farmers,
(b) fishermen, and
(c) local communities
who will be affected by the proposed plans.”

66

Clause 6, page 3, line 38, at end insert—
“(1A) The Secretary of State may not give specific or general directions to Great British Energy unless they have delivered an oral statement setting out those directions before Parliament.”

This amendment would prevent the SoS from directing GBE unless they have delivered an oral statement to Parliament.

67

Clause 6, page 3, line 38, at end insert—
“(1A) The Secretary of State must give a specific direction to Great British Energy that it must not facilitate, encourage or participate in the development of renewable energy technologies on agricultural land classified as grade 1, 2 or 3.”

This would restrict the types of land on which renewable energy technologies can be developed under Great British Energy’s activities, to protect the most productive and versatile land for food production.

68

Clause 6, page 3, line 38, at end insert—
“(1A) The Secretary of State must give a specific direction to Great British Energy that it must report to the Secretary of State within three months of each investment it makes on the impact of the relevant investment on employment.
(1B) The Secretary of State must lay a report made under subsection (1A) before Parliament.”

This would require Great British Energy to report to the Secretary of State on the impact of each investment on employment.

69

Clause 6, page 3, line 38, at end insert—
“(1A) The Secretary of State must give a specific direction to Great British Energy that it must report to the Secretary of State within three months of each investment it makes on the carbon emissions resulting from that investment.
(1B) The Secretary of State must lay a report made under subsection (1A) before Parliament.”

This would require Great British Energy to report to the Secretary of State on the impact of each investment on carbon emissions.

70

Clause 6, page 3, line 38, at end insert—
“(1A) The Secretary of State must give a specific direction to Great British Energy that it must report to the Secretary of State on the progress made by Great British Energy towards reducing carbon emissions.
(1B) A report under subsection (1A) must be made within two years of the day on which this Act is passed and annually thereafter.
(1C) The Secretary of State must lay a report made under subsection (1A) before Parliament.”

This would require Great British Energy to report to the Secretary of State on the progress made by Great British Energy towards reducing carbon emissions.

71

Clause 6, page 3, line 38, at end insert—
“(1A) The Secretary of State must give a specific direction to Great British Energy that it must produce within one year of each investment it makes a cost benefit analysis of the price of electricity produced from renewable energy technologies compared to that produced from gas.
(1B) Great British Energy must produce a report which includes the findings set out in subsection (1A) to the Secretary of State.
(1C) The Secretary of State must lay a report made under subsection (1A) before Parliament.”

This would require Great British Energy to produce and report the cost benefit analysis of the price of electricity produced from renewable energy technologies compared to that produced from gas.

72

Clause 6, page 3, line 38, at end insert—
“(1A) The Secretary of State must give a specific direction to Great British Energy that it must report to the Secretary of State within one year of the day on which this Act is passed and annually thereafter on the impact of the establishment of Great British Energy on the amount of energy imported into the United Kingdom.
(1B) The Secretary of State must lay a report made under subsection (1A) before Parliament.”

This would require Great British Energy to produce a report on their impact on imported energy.

73

Clause 6, page 3, line 38, at end insert—
“(1A) The Secretary of State must give a specific direction to Great British Energy that it must only facilitate, encourage and participate in the development of renewable energy technologies on agricultural land classified as grade 4 or 5.”

This would restrict the types of land on which renewable energy technologies can be developed under Great British Energy’s activities, to protect the most productive and versatile land for food production.

74

Clause 6, page 3, line 38, at end insert—
“(1A) The Secretary of State must give a specific direction to Great British Energy that, in meeting its objects under Section 3, it must give full consideration to properties which are not connected to the gas grid and the value of renewable liquid fuels in meeting those objects.
(1B) The direction must require Great British Energy to publish a report to assess the potential benefits to consumers of implementing a renewable liquid heating fuel obligation under Section 159 of the Energy Act 2023.
(1C) A report under subsection (1B) must be made within three months of the day on which this Act is passed.
(1D) The Secretary of State must lay a report made under subsection (1B) before Parliament.
(1E) The Secretary of State must implement section 159(3) of the Energy Act 2023 within three months of receiving the report.”

This amendment would introduce a specific strategic priority for Great British Energy to work with the Government to consider the specific energy related issues of households off the gas grid. The amendment requires the Secretary of State to exercise powers under the Energy Act 2023 to undertake a consultation on the introduction of a renewable liquid heating fuel obligation.

75

Clause 6, page 3, line 38, at end insert—
“(1A) The Secretary of State must give a specific direction to Great British Energy that it must carry out an environmental impact assessment for each investment it makes.
(1B) The Secretary of State must lay a copy of the assessment made under subsection (1A) before Parliament.”

This would require Great British Energy to carry out an environmental impact assessment for each investment it makes.

76

Clause 6, page 3, line 38, at end insert—
“(1A) The Secretary of State must give a specific direction to Great British Energy that 60% of the materials sourced under any investment under its functions must be supplied from United Kingdom manufacturers.
(1B) For the purposes of compliance with subsection (1A), Great British Energy must assess the origin of the materials sourced under its investments and produce a report annually.
(1C) A report under subsection (1B) must be made within two years of the day on which this Act is passed and annually thereafter.
(1D) The report must include the manufacturer from which all materials were sourced under all investments made by Great British Energy.
(1E) The Secretary of State must lay a report under subsection (1B) before Parliament.”

This would require 60% of material sourced under any investments made by Great British Energy to be supplied from UK manufacturers and for a report to be published.

86

Clause 6, page 4, line 1, at end insert—
“(aa) the National Energy System Operator,
(ab) the Climate Change Committee,
(ac) the Gas and Electricity Markets Authority, and”

21

Clause 3, page 2, line 18 at end insert—
“(e) the production of nuclear energy.”

This would amend Great British Energy’s objects to include the production of nuclear energy.

43

Clause 4, page 3, line 5, at end insert—
“(6) Financial assistance under this section must not be provided if there exists credible evidence of modern slavery in the energy supply chain of any company designated Great British Energy.”

After Clause 5, insert the following new Clause- "Framework document (1) The Secretary of State must prepare a framework document which sets out the principles underpinning the relationship between the Secretary of State, Great British Energy and any other relevant public sector bodies. (2) The framework document must cover the operating and financial principles through which Great British Energy will pursue its strategic objectives and may include such other matters as the Secretary of State determines. (3) Relevant public sector bodies are public sector bodies and government departments which the Secretary of State considers will or may have a relationship with Great British Energy. (4) The Secretary of State may amend the framework document at any time. (5) The Secretary of State must consult Great British Energy before preparing or amending the framework document. (6) The Secretary of State must lay a copy of the framework document or any amended framework document before Parliament as soon a practical after it is finalised."

After Clause 5, insert the following new Clause- "Sustainable development Great British Energy must keep under review the impact of their activities on the achievement of sustainable development in the United Kingdom."

After Clause 5, insert the following new Clause- “Reports to Parliament (1) Great British Energy must publish an annual report and send it to the Energy Security and Net Zero Committee, or any successor Committee, of the House of Commons. (2) The report under subsection (1) must consider Great British Energy functions and activity in the contribution to the following - (a) supporting local communities and economies; (b) the achievement of the United Kingdom's climate and environmental targets; (c) the relationship with The Crown Estate; (d) a just transition to green energy; (e) a jobs and skills transition into the green economy. (3) Great British Energy must appear before the Energy Security and Net Zero, or any successor Committee, if requested by the Committee."

89

Clause 7, page 4, line 10, at end insert—
“(1A) In addition to complying with section 441 of the Companies Act 2006, the accounts and reports must include such other information as the Treasury may require, including—
(a) information on financial assistance received in accordance with section 4,
(b) information on any investments made or partnerships entered into,
(c) an assessment of how those investments or partnerships meet the objectives and strategic priorities of Great British Energy, and
(d) an assessment of the extent to which those investments or partnerships have encouraged additional investment by the private sector.”

This amendment would add further requirements to be included in the annual report and accounts of the company, including flexibility for the Treasury to define additional requirements.

90

Clause 7, page 4, line 12, at end insert “and arrange for a statement to be made in each House”

4

Clause 1, page 1, line 6, leave out “wholly” and insert “at least 75%”

This is probing amendment to explore the benefits of having the flexibility to allow minority external equity ownership of Great British Energy.

95

After Clause 7, insert the following new Clause—
“Budget report
(1) Great British Energy must publish an annual budget report and send it to the Energy Security and Net Zero Committee, or any successor Committee, of the House of Commons.
(2) This report must include but is not limited to—
(a) a breakdown of current and expected funding sources;
(b) spending per sector;
(c) grid spending;
(d) future spending;
(e) estimations of future profitability.
(3) A representative of Great British Energy must appear before the Energy Security and Net Zero Committee, or any successor Committee, if requested by the Committee.”

This amendment requires GBE to publish an annual budget report.

6

Clause 1, page 1, line 12, leave out “wholly” and insert “at least 75%”

This is probing amendment to explore the benefits of having the flexibility to allow minority external equity ownership of Great British Energy.

7

Clause 1, page 1, line 18, leave out from “is” to “held” in line 19 and insert “at least 75% owned by the Crown if at least 75% of the issued shares in the company are”

This is probing amendment to explore the benefits of having the flexibility to allow minority external equity ownership of Great British Energy.

98

After Clause 7, insert the following new Clause—
“The Chair of Great British Energy
(1) The Chair of Great British Energy may not be appointed until the appointment has been scrutinised by the Treasury Committee of the House of Commons, or any successor committee.
(2) The Chair of Great British Energy must be based full-time at the headquarters of Great British Energy in Aberdeen.
(3) The Chair of Great British Energy must undergo an annual review on their performance and—
(a) this review must be carried out by external auditors;
(b) this review must be submitted to the Secretary of State and laid before Parliament.”

This would require the Chair of Great British Energy to undergo pre-appointment scrutinisation, to be based at Great British Energy’s headquarters full-time and to undergo an annual review of their performance.

99

After Clause 7, insert the following new Clause—
“Directors: appointment and tenure
Great British Energy must secure that its articles of association provide that—
(a) Great British Energy is to have at least five and no more than eight directors;
(b) the chair of Great British Energy’s board, Great British Energy’s chief executive officer and the non-executive directors are to be appointed by the Secretary of State;
(c) the Board is to appoint one or more directors to be responsible for ensuring that the Board considers the interests of the appropriate national authorities when making decisions;
(d) the period of a non-executive director’s appointment is not to exceed four years, or such shorter period as may be specified in the terms on which the director is appointed;
(e) a person may be appointed as a non-executive director no more than two times;
(f) a person ceases to be a non-executive director as soon as—
(i) the person ceases to be a director by virtue of any provision of the Companies Act 2006 or is prohibited from being a director by law;
(ii) the person becomes bankrupt (in relation to England and Wales and Northern Ireland) or the person’s estate has been sequestrated (in relation to Scotland);
(iii) a registered medical practitioner who is treating the person gives a written opinion to Great British Energy stating that the person has become physically or mentally incapable of acting as a director and is likely to remain so for more than three months, or the person has resigned as non-executive director in accordance with notification which the person has given to Great British Energy.”

This amendment would require GB Energy to appoint between five and eight directors, alongside a chair of the board, a chief executive officer, and non-executive directors.

100

After Clause 7, insert the following new Clause—
“Ethical supply chain
In fulfilling its objects under section 3(2), Great British Energy must verify and attempt to engage only in ethical supply chain practices.”

This amendment requires GB Energy to verify its supply chain for unethical practices, and to attempt to engage with stakeholders engaged in ethical practices.

10

Clause 3, page 2, line 14, after “storage” insert “, trading”

This amendment would add energy trading to the allowed objects of Great British Energy.

11

Clause 3, page 2, line 14, at end insert “including from schemes owned, or part owned, by community organisations,”

This amendment includes community energy in the objects that the Great British Energy company will be restricted to facilitating, encouraging and participating in.

101

After Clause 7, insert the following new Clause—
“Scrutiny of board appointments
The board of Great British Energy must not be appointed until each prospective appointment has been scrutinised by the Energy Security and Net Zero Committee of the House of Commons, or any successor committee.”

This amendment prevents the board of GB Energy from being appointed until each prospective appointment has been scrutinised by the ESNZ Committee.

102

After Clause 7, insert the following new Clause—
“Great British Energy stakeholder relationships
Within one year of the day on which this Act is passed, and every two years thereafter, Great British Energy must publish a report regarding its relationship with—
(a) Great British Nuclear;
(b) the Office of Gas and Electricity Markets (Ofgem);
(c) National Energy System Operator (NESO);
(d) the UK Infrastructure Bank;
(e) the Crown Estate.”

This amendment requires GBE to report on its relationships with GBN, Ofgem, NESO, UKIB, CE.

122

Clause 8, page 4, line 15, leave out subsection (2) and insert—
“(2) This section and section 5 come into force on the day on which this Act is passed.
(2A) Sections 1 to 4, 6 and 7 come into force on the day the statement required by section 5(1) is laid before Parliament.”

This amendment means the Bill cannot come into force unless the statement of strategic priorities has been laid before Parliament.

124

Clause 8, page 4, line 15, leave out subsection (2) and insert—
“(2) This section and section 5 come into force on the day on which this Act is passed.
(2A) Sections 1 to 4, 6 and 7 come into force on the day a document containing thematic headings with details outlining the intent and general approach of the Secretary of State in relation to the statement of strategic priorities required by section 5(1) is laid before Parliament.”

This amendment means the Bill cannot come into force unless a document setting out the thematic headings of the statement of strategic priorities have been laid before Parliament.

15

Clause 3, page 2, line 18, at end insert—
“(e) measures to increase low carbon and renewable energy schemes owned, or part owned, by community organisations.”

This amendment includes community energy schemes in the objects that the Great British Energy company will be restricted to facilitating, encouraging and participating in.

16

Clause 3, page 2, line 18, at end insert—
“(e) measures for ensuring the uptake and use of heat pumps.”

This amendment would set an objective for GB Energy to ensure the uptake and use of heat pumps.

17

Clause 3, page 2, line 18, at end insert—
“(e) measures for ensuring the uptake and use of heat pumps, including leading efforts and engagement with relevant stakeholders and partners to develop mortgage opt-in financing schemes.”

This amendment would set an objective for GB Energy to ensure the uptake and use of heat pumps, including by leading efforts to develop a mortgage opt-in financing scheme where payments for heat pumps can be included on mortgages on an opt-in basis to help spread the cost of heat pump uptake.

18

Clause 3, page 2, line 18, at end insert—
“(e) an emergency home insulation programme with targeted support for people on low incomes, and
(f) the expansion and development of renewable energy and technology.”

This amendment would set objects for Great British Energy of facilitating, encouraging and participating in an emergency home insulation programme with targeted support for people on low incomes, and the expansion and development of renewable energy and technology.

19

Clause 3, page 2, line 18, at end insert—
“(e) measures for reducing the cost of the supply of energy.”

This amendment aligns Great British Energy with the National Energy System Operator by ensuring that cost of energy as well as security and sustainability are considered in its legislated objectives.

23

Clause 3, page 2, line 18, at end insert—
“(2A) The statement must not include any provision for facilitating, encouraging or participating in carbon capture and storage.”

This amendment prevents GB Energy from facilitating, encouraging and participating in carbon capture and storage, as the Government has already allocated a budget for CCS to be spent elsewhere.

24

Clause 3, page 2, line 18, at end insert—
“(2A) The statement must not include any provision for facilitating, encouraging or participating in nuclear energy.”

This amendment prevents GB Energy from facilitating, encouraging and participating in nuclear energy.

34

Clause 3, page 2, line 27, at end insert—
““security of the supply of energy” means system reliability, price predictability, fuel security, physical security and cyber security of energy.”

This amendment defines security of supply as listed in the objects of Great British Energy.

50

Clause 5, page 3, line 8, at end insert—
“(1A) The statement of strategic priorities under subsection (1) must include a priority to advance the production of clean energy from schemes owned, or part owned, by community organisations.”

This amendment requires the advancement of community energy to be included in the strategic priorities.

51

Clause 5, page 3, line 8, at end insert—
“(1A) The Secretary of State must comply with subsection (1) within the period of six months beginning with the day on which this Act comes into force.”

This amendment would introduce a time limit by which the Secretary of State must prepare and publish the statement of strategic priorities.

53

Clause 5, page 3, line 11, at end insert—
“(3A) The Secretary of State must send a copy of the statement, and of any revised or replacement statement, to the Chairs of the relevant select committees in both Houses of Parliament.”

87

Clause 6, page 4, line 4, at end insert—
“(4A) A Minister must table a motion for resolution in each House of Parliament on any directions given to Great British Energy under this section before the directions are adopted.”

After Clause 5, insert the following new Clause- "Framework document (1) The Secretary of State must prepare a framework document which sets out the principles underpinning the relationship between the Secretary of State, Great British Energy and any other relevant public sector bodies. (2) The framework document must cover the operating and financial principles through which Great British Energy will pursue its strategic objectives and may include such other matters as the Secretary of State determines.

After Clause 5, insert the following new Clause- "Sustainable development Great British Energy must keep under review the impact of their activities on the achievement of sustainable development in the United Kingdom."

After Clause 5, insert the following new Clause- “Reports to Parliament (1) Great British Energy must publish an annual report and send it to the Energy Security and Net Zero Committee, or any successor Committee, of the House of Commons. (2) The report under subsection (1) must consider Great British Energy functions and activity in the contribution to the following- (a) supporting local communities and economies; (b) the achievement of the United Kingdom's climate and environmental targets; (c) the relationship with The Crown Estate; (d) a just transition to green energy; (e) a jobs and skills transition into the green economy.

Clause 7, page 4, line 10, at end insert- "(1A) The period allowed for filing the reports and accounts of Great British Energy under section 442 of The Companies Act 2006 shall be 6 months."

After Clause 7, insert the following new Clause- “Reviews of Great British Energy's effectiveness and impact (1) The Chancellor of the Exchequer must appoint an independent person to carry out reviews of - (a) the effectiveness of Great British Energy in delivering its objectives, and (b) the extent to which its investments in particular projects or types of project have encouraged additional investment in those projects or types of project by the private sector. (2) After each review, the independent person must – (a) prepare a report of the review, and (b) submit the report to the Treasury.

Clause 8, page 4, line 15, leave out subsection (2) and insert – “(2) This section and section 5 come into force on the day on which this Act is passed. (2A) Other sections in this Act come into force on such a day as the Secretary of State may by regulations appoint, which must not be before the statement of strategic priorities has been approved by both Houses of Parliament."

Clause 8, page 4, line 15, leave out subsection (2) and insert – "(2) This section and section (Framework document) come into force on the day on which this Act is passed. (2A) Other sections in this Act come into force on such a day as the Secretary of State may by regulations appoint, which must not be before the statement of strategic priorities has been approved by both Houses of Parliament.”"

119

Clause 8, page 4, line 15, leave out subsection (2) and insert—
“(2) This section and section 5 come into force on the day on which this Act is passed.
(2A) Other sections in this Act come into force on such a day as the Secretary of State may by regulations appoint, which must not be before the statement of strategic priorities under section 5 has been laid before Parliament.”

This amendment defers commencement of other provisions in the Bill until the statement of strategic priorities made under Clause 5 has been laid before Parliament.

120

[Withdrawn]
Clause 8, page 4, line 15, leave out subsection (2) and insert—
“(2) This section and section 5 come into force on the day on which this Act is passed.
(2A) Other sections in this Act come into force on such a day as the Secretary of State may by regulations appoint, which must not be before the statement of strategic priorities has been approved by both Houses of Parliament.”

This amendment defers commencement of other provisions in the Bill until the statement of strategic priorities made under Clause 5 has been approved by Parliament

121

[Withdrawn]
Clause 8, page 4, line 15, leave out subsection (2) and insert—
“(2) This section and section (Framework document) come into force on the day on which this Act is passed.
(2A) Other sections in this Act come into force on such a day as the Secretary of State may by regulations appoint, which must not be before the statement of strategic priorities has been approved by both Houses of Parliament.”

This amendment defers commencement of other provisions in the Bill until after a framework document (see amendment 93 introducing a new clause after Clause 5) has been laid before Parliament.

52

Clause 5, page 3, line 11, at end insert—
“(3A) The Secretary of State must withdraw the statement if, before the end of the 40-day period, either House of Parliament resolves not to approve it.
(3B) “The 40-day period” is the period of 40 days beginning with the day on which the statement is laid before Parliament (or, if it is not laid before each House of Parliament on the same day, the later of the days on which it is laid).
(3C) When calculating the 40-day period, ignore any period during which Parliament is dissolved or prorogued or during which both Houses are adjourned for more than four days.”

This amendment ensures that Parliament has an opportunity to reject a statement of strategic objectives.

88

Clause 7, page 4, line 10, at end insert—
“(1A) The period allowed for filing the reports and accounts of Great British Energy under section 442 of The Companies Act 2006 is six months.”

This amendment ensures that Great British Energy files its reports and accounts in line with the period allowed for public companies.

91

After Clause 7, insert the following new Clause—
“Assessment: tidal barrage projects
Within six months of a designation under section 1(1) coming into effect, Great British Energy must publish an assessment of the potential use of tidal barrage projects to support decarbonisation of the energy sector.”

92

After Clause 7, insert the following new Clause—
“Audit
The Comptroller and Auditor General must be appointed as the auditor of Great British Energy.”

This amendment ensures that the C&AG audits the accounts and reports of Great British Energy.

93

After Clause 7, insert the following new Clause—
“Framework document
(1) The Secretary of State must prepare a framework document which sets out the principles underpinning the relationship between the Secretary of State, Great British Energy and any other relevant public sector bodies.
(2) The framework document must cover the operating and financial principles through which Great British Energy will pursue its strategic objectives and may include such other matters as the Secretary of State determines.
(3) Relevant public sector bodies are public sector bodies and government departments which the Secretary of State considers will or may have a relationship with Great British Energy.
(4) The Secretary of State may amend the framework document at any time.
(5) The Secretary of State must consult Great British Energy before preparing or amending the framework document.
(6) The Secretary of State must lay a copy of the framework document or any amended framework document before Parliament as soon a practical after it is finalised.”

This amendment requires the Secretary of State to prepare and publish a document setting out the operating and financial principles which Great British Energy will use.

94

After Clause 7, insert the following new Clause—
“Review of effective delivery
(1) The Secretary of State must appoint an independent person to carry out reviews of the effectiveness of Great British Energy in—
(a) delivering its objects under section 3,
(b) meeting its strategic priorities under section 5, and
(c) complying with any directions given under section 6.
(2) After each review, the independent person must—
(a) prepare a report of the review, and
(b) submit the report to the Secretary of State,
as soon as is reasonably practicable after the completion of the review.
(3) The independent person must submit to the Secretary of State—
(a) the first report under this section within the period of 12 months beginning on the day on which this Act comes into force, and
(b) subsequent reports at intervals of no more than 12 months thereafter.
(4) On receiving the report, the Secretary of State must, as soon as is reasonably practicable in each case,—
(a) publish the report,
(b) lay a copy of the report before Parliament, and
(c) prepare and lay before Parliament a response to the report’s findings.
(5) In this section, references to an “independent person” are to a person who appears to the Secretary of State to be independent of—
(a) the Secretary of State, and
(b) Great British Energy.”

This amendment would require that the Secretary of State appoints an independent person to review the effectiveness of Great British Energy in delivering its objects, meeting its strategic priorities, and complying with its directions.

Baroness Noakes gives notice of her intention to oppose the Question that Clause 2 stand part of the Bill.

This amendment probes why Great British Energy does not have Crown status and what the implications of that are.

36

Clause 4, page 2, line 33, leave out paragraphs (b) to (d)

This amendment probes how the matters referred to in subsection (2)(b), (c) and (d) can comprise financial assistance to Great British Energy.

47

Clause 5, page 3, line 8, at end insert—
“(1A) The statement of strategic priorities under subsection (1) must include the reduction of household energy bills by £300 in real terms by 1 January 2030.”

48

Clause 5, page 3, line 8, at end insert—
“(1A) The statement of strategic priorities under subsection (1) must include the creation of 650,000 new jobs in the United Kingdom by 2030 resulting directly or indirectly from Great British Energy’s pursuit of its objects under section 3.”

To give Great British Energy a strategic priority to create 650,000 new jobs in the UK by 2030.

49

Clause 5, page 3, line 8, at end insert—
“(1A) The statement of strategic priorities under subsection (1) must include developing supply chains within the United Kingdom in the pursuit of Great British Energy’s objects under section 3.
(1B) “supply chains” means the network of individuals, organisations, resources, activities and technology involved in the creation and sale of a commodity connected with Great British Energy’s objects under section 3.”

This amendment would require the statement of strategic priorities to include developing supply chains within the United Kingdom.

58

Clause 5, page 3, line 35, at end insert—
“(c) to send a copy of those plans to the Secretary of State.
(9) The Secretary of State must lay before Parliament a copy of any strategic plans received in accordance with subsection (8).”

This amendment would ensure that Parliament was made aware of Great British Energy’s strategic plans.

59

Clause 6, page 3, line 38, at end insert—
“(1A) The Secretary of State must give a specific direction to Great British Energy that it must report to the Secretary of State on the progress made by Great British Energy towards the strategic priority of reducing household energy bills by £300 in real terms by 1 January 2030.
(1B) A report under subsection (1A) must include a projection of how Great British Energy’s activities are likely to affect consumer energy bills over the following five years.
(1C) A report under subsection (1A) must be made within two years of the day on which this Act is passed, and annually thereafter.
(1D) The Secretary of State must lay a report made under subsection (1A) before Parliament.”

This amendment would require an annual report to be laid before Parliament on how Great British Energy’s activities are contributing towards taking £300 off consumer energy bills.

60

Clause 6, page 3, line 38, at end insert—
“(1A) The Secretary of State must give a specific direction to Great British Energy that it must report to the Secretary of State on the progress made by Great British Energy towards the strategic priority of creating 650,000 new jobs in the United Kingdom by 2030.
(1B) A report under subsection (1A) must be made within two years of the day on which this Act is passed, and annually thereafter.
(1C) The Secretary of State must lay a report made under subsection (1A) before Parliament.”

To require an annual report to be laid before Parliament on how Great British Energy’s activities are contributing towards creating 650,000 new jobs.

61

Clause 6, page 3, line 38, at end insert—
“(1A) The Secretary of State must give a specific direction to Great British Energy that it must report to the Secretary of State on the progress made by Great British Energy towards the strategic priority of developing supply chains within the United Kingdom.
(1B) A report under subsection (1A) must be made within two years of the day on which this Act is passed, and annually thereafter.
(1C) The Secretary of State must lay a report made under subsection (1A) before Parliament.”

This amendment would introduce a specific strategic priority for Great British Energy to develop UK energy supply chains, and require that an annual report is produced on the progress of meeting this strategic priority.

62

Clause 6, page 3, line 38, at end insert—
“(1A) The Secretary of State must give a specific direction to Great British Energy that it must report to the Secretary of State within three months of each investment it makes on the impact that the relevant investment is projected to have on wholesale electricity prices over the following ten years.
(1B) The Secretary of State must lay a report made under subsection (1A) before Parliament.”

This amendment would introduce a requirement that Great British Energy reports to the Secretary of State (and subsequently Parliament) on the projected impact that each of its investments would have on wholesale electricity prices over the following ten years.

63

Clause 6, page 3, line 38, at end insert—
“(1A) The Secretary of State must give a specific direction to Great British Energy that it must, within six months of the day on which this Act is passed, report to the Secretary of State on the projected cost of fulfilling its strategic priorities under section 5 in accordance with its objects under section 3.”

This amendment would require Great British Energy to report on the projected cost of fulfilling all of its strategic priorities.

64

Clause 6, page 3, line 38, at end insert—
“(1A) The Secretary of State must give a specific direction to Great British Energy that it must report to the Secretary of State on—
(a) Great British Energy’s in-year rate of return on investment, and
(b) a forecast of the following year’s expected rate of return on investment.
(1B) A report under subsection (1A) must be made within two years of the day on which this Act is passed, and annually thereafter.
(1C) The Secretary of State must lay a report made under subsection (1A) before Parliament.”

This amendment would require Great British Energy to provide an annual report to Parliament on its annual rate of return on investment, and a projection of the following year’s expected rate of return on investment.

65

Clause 6, page 3, line 38, at end insert—
“(1A) The Secretary of State must give a specific direction to Great British Energy that it must take all reasonable steps to satisfy itself at the time of any investment in renewable energy infrastructure that connection to the National Grid will be made in time for energy produced from the relevant investment asset coming onstream.”

This amendment would require Great British Energy to take all reasonable steps in order to ensure access to the National Grid is ready for any energy infrastructure invested in by Great British Energy.

NC2

To move the following Clause—
“Nature Recovery Duty
(1) In exercising its functions, Great British Energy must take all reasonable steps to contribute to the achievement of targets set under sections 1–3 of the Environment Act 2021.
(2) Under the duty set under subsection (1), Great British Energy must consider opportunities to incorporate nature-based solutions in—
(a) the design and maintenance of any assets in its ownership, and
(b) its investment decisions.”

This new clause would give Great British Energy a new duty, requiring it to contribute to the achievement of Environment Act targets. The duty specifies the incorporation of nature-based solutions (including nature friendly design and building measures) in all assets owned by and invested in by Great British Energy.

NC3

To move the following Clause—
“Prohibition of investments which would increase greenhouse gas emissions
(1) Prior to making any investment, Great British Energy must publish an assessment of the impact of the investment decision on—
(a) greenhouse gas emissions and
(b) the production or combustion of fossil fuels.
(2) Where the assessment carried out under subsection (1) showed that the investment was expected to contribute to an increase in greenhouse gas emissions, Great British Energy must not make that investment.”

This new clause would require Great British Energy to publish an assessment of potential investments on greenhouse gas emissions and the production or combustion of fossil fuels. Any investment which the assessment showed was expected to increase greenhouse gas emissions would be prohibited.

11

Clause 5, page 3, line 8, at end insert—
“(1A) The statement of strategic priorities under subsection (1) must include a priority to allocate 3% of Great British Energy’s budget to marine energy projects.”

This amendment would require 3% of Great British Energy’s budget to be allocated for marine energy projects.

12

Clause 5, page 3, line 8, at end insert—
“(1A) The statement of strategic priorities under subsection (1) must include a priority to work with Great British Nuclear on the development of nuclear energy projects.”

This amendment would require Great British Energy to work with Great British Nuclear on developing nuclear energy projects.

13

Clause 5, page 3, line 8, at end insert—
“(1A) The statement of strategic priorities under subsection (1) must include a priority to require any renewable energy development located in Wales that Great British Energy owns or invests into offer a minimum of 10% community and 10% local ownership for each project.”

This amendment seeks to ensure that all renewable energy projects in Wales which are owned or invested in by Great British Energy would be required to offer a 10% stake in community ownership i.e. for individuals and households, and a 10% stake of local ownership, i.e any Wales-based organisation.

15

Clause 5, page 3 line 16, leave out “consult” and insert “receive the consent of”

This amendment would require that the Secretary of State receives consent from Welsh ministers before including in the strategic priorities and plans any matter concerns a subject matter provision about which would be within the legislative competence of Senedd Cymru, if contained in an Act of the Senedd.

14

Clause 6, page 3, line 38, at end insert—
“(1A) The Secretary of State must, in particular, direct Great British Energy that any revenues generated from activities of Great British Energy in relation to resources located in Wales must be invested back into projects located in Wales.”

This amendment would require the Secretary of State to ensure that all revenue generated by Great British Energy from resources in Wales are invested back into energy projects in Wales.

NC1

To move the following Clause—
“Review of effective delivery
(1) The Secretary of State must appoint an independent person to carry out reviews of the effectiveness of Great British Energy in—
(a) delivering its objects under section 3,
(b) meeting its strategic priorities under section 5, and
(c) complying with any directions given under section 6.
(2) After each review, the independent person must—
(a) prepare a report of the review, and
(b) submit the report to the Secretary of State, as soon as is reasonably practicable after the completion of the review.
(3) The independent person must submit to the Secretary of State—
(a) the first report under this section within the period of 12 months beginning on the day on which this Act comes into force, and
(b) subsequent reports at intervals of no more than 12 months thereafter.
(4) On receiving the report, the Secretary of State must, as soon as is reasonably practicable in each case—
(a) publish the report,
(b) lay a copy of the report before Parliament, and
(c) prepare and lay before Parliament a response to the report’s findings.
(5) In this section, references to an “independent person” are to a person who appears to the Secretary of State to be independent of—
(a) the Secretary of State, and
(b) Great British Energy.”

6

Clause 5, page 3, line 8, at end insert—
“(1A) The statement of strategic priorities under subsection (1) must include the reduction of household energy bills by £300 in real terms by 1 January 2030.”

8

Clause 5, page 3, line 8, at end insert—
“(1A) The statement of strategic priorities under subsection (1) must include the creation of 650,000 new jobs in the United Kingdom by 2030 resulting directly or indirectly from Great British Energy’s pursuit of its objectives under section 3.”

7

Clause 6, page 3, line 38, at end insert—
“(1A) The Secretary of State must give a specific direction to Great British Energy that it must report to the Secretary of State on the progress made by Great British Energy towards the strategic priority of reducing household energy bills by £300 in real terms by 1 January 2030.
(1B) A report under subsection (1A) must include a projection of how Great British Energy’s activities are likely to affect consumer energy bills over the following five years.
(1C) A report under subsection (1A) must be made within two years of the date of Royal Assent to this Act and annually thereafter.
(1D) The Secretary of State must lay a report made under subsection (1A) before Parliament.”

9

Clause 6, page 3, line 38, at end insert—
“(1A) The Secretary of State must give a specific direction to Great British Energy that it must report to the Secretary of State on the progress made by Great British Energy towards the strategic priority of creating 650,000 new jobs in the United Kingdom by 2030.
(1B) A report under subsection (1A) must be made within two years of the date of Royal Assent to this Act and annually thereafter.
(1C) The Secretary of State must lay a report made under subsection (1A) before Parliament.”

10

Clause 6, page 3, line 38, at end insert—
“(1A) The Secretary of State must give a specific direction to Great British Energy that it must report to the Secretary of State on—
(a) Great British Energy’s in-year return on investment, and
(b) A forecast of the following year’s expected return on investment.
(1B) A report under subsection (1A) must be made within two years of the date of Royal Assent to this Act and annually thereafter.
(1C) The Secretary of State must lay a report under subsection (1A) before Parliament.”

5

Clause 5, page 3, line 8, at end insert—
“(1A) The statement of strategic priorities under subsection (1) must include a priority to advance the production of clean energy from schemes owned, or part owned, by community organisations.”

This new section would require the statement of strategic priorities to make specific regard to facilitate community-based clean energy schemes.

3

Clause 1, page 1, line 3, at end insert “within 6 months of the day on which this Act is passed.”

4

Clause 3, page 2, line 18, at end insert—
“(e) an emergency home insulation programme with targeted support for people on low incomes, and
(f) the expansion and development of renewable energy and technology.”

This amendment would set objects for Great British Energy of facilitating, encouraging and participating in an emergency home insulation programme with targeted support for people on low incomes, and the expansion and development of renewable energy and technology.

1

Clause 5, page 3, line 8, at end insert—
“(1A) The statement of strategic priorities under subsection (1) must include a priority to reduce household energy bills by at least £300 in real terms.”

2

Clause 3, page 2, line 18, at end insert—
“(e) measures for ensuring respect for human rights in the production, distribution, storage and supply of clean energy.”

This new subsection would make one of the objects of Great British Energy to uphold human rights and the principles of “just transition” in energy supply chains (including critical minerals and solar products).

24

Clause 5, page 3, line 8, at end insert—
“(1A) The statement of strategic priorities under subsection (1) must include a priority to reduce household energy bills by at least £300 in real terms.”

23

Clause 3, page 2, line 18, at end insert—
“(e) the expansion and development of renewable energy and technology.”

This amendment would set objects for Great British Energy of the expansion and development of renewable energy and technology.

12

Clause 6, page 3, line 38, at end insert—
““(1A) (a)The Secretary of State must give a specific direction to Great British Energy that it must report to the Secretary of State on the progress made by Great British Energy towards the strategic priority of reducing household energy bills by £300 in real terms by 1 January 2030.
(b) A report under paragraph (a) must include a projection of how Great British Energy’s activities are likely to affect consumer energy bills over the following five years.
(c) A report under paragraph (a) must be made within two years of the date of Royal Assent to this Act and annually thereafter.
(d) The Secretary of State must lay a report made under paragraph (a) before Parliament.”

14

Clause 6, page 3, line 38, at end insert—
““(1A) (a)The Secretary of State must give a specific direction to Great British Energy that it must report to the Secretary of State on the progress made by Great British Energy towards the strategic priority of reducing wholesale electricity prices in the United Kingdom.
(b) A report under paragraph (a) must include a projection of—
(i) how Great British Energy’s activities are likely to affect wholesale electricity prices in the United Kingdom, and
(ii) the likely effect of the projected wholesale electricity prices on consumer electricity bills over the following five years.
(c) A report under paragraph (a) must be made within two years of the date of Royal Assent to this Act and annually thereafter.
(d) The Secretary of State must lay a report made under paragraph (a) before Parliament.”

16

Clause 6, page 3, line 38, at end insert—
““(1A) (a)The Secretary of State must give a specific direction to Great British Energy that it must report to the Secretary of State on the progress made by Great British Energy towards the strategic priority of creating 650,000 new jobs in the United Kingdom by 2030.
(b) A report under paragraph (a) must be made within two years of the date of Royal Assent to this Act and annually thereafter.
(c) The Secretary of State must lay a report made under paragraph (a) before Parliament.”

18

Clause 6, page 3, line 38, at end insert—
““(1A) (a)The Secretary of State must give a specific direction to Great British Energy that it must report to the Secretary of State on the progress made by Great British Energy towards the strategic priority of developing supply chains within the United Kingdom.
(b) A report under paragraph (a) must be made within two years of the date of Royal Assent to this Act and annually thereafter.
(c) The Secretary of State must lay a report made under paragraph (a) before Parliament.”

19

Clause 6, page 3, line 38, at end insert—
““(1A) (a)The Secretary of State must give a specific direction to Great British Energy that it must report to the Secretary of State within three months of each investment it makes on the impact that the relevant investment is projected to have on wholesale electricity prices over the following ten years.
(b) The Secretary of State must lay a report made under paragraph (a) before Parliament.”

20

Clause 6, page 3, line 38, at end insert—
““(1A) (a)The Secretary of State must give a specific direction to Great British Energy that it must, within six months of the date of Royal Assent to this Act, report to the Secretary of State on the projected cost of fulfilling its strategic priorities under Clause 5 in accordance with its objects under Clause 3.”

21

Clause 6, page 3, line 38, at end insert—
““(1A) (a)The Secretary of State must give a specific direction to Great British Energy that it must report to the Secretary of State on—
(i) Great British Energy’s in-year rate of return on investment, and
(ii) a forecast of the following year’s expected rate of return on investment.
(b) A report under paragraph (a) must be made within two years of the date of Royal Assent to this Act and annually thereafter.
(c) The Secretary of State must lay a report made under paragraph (a) before Parliament.”

22

Clause 6, page 3, line 38, at end insert—
“(1A) The Secretary of State must give a specific direction to Great British Energy that it must take all reasonable steps to satisfy itself at the time of any investment in renewable energy infrastructure that connection to the National Grid will be made in time for energy produced from the relevant investment asset coming onstream.”

NC2

To move the following Clause—
“Review of effective delivery
(1) The Secretary of State must appoint an independent person to carry out reviews of the effectiveness of Great British Energy in—
(a) delivering its objects under section 3,
(b) meeting its strategic priorities under section 5, and
(c) complying with any directions given under section 6.
(2) After each review, the independent person must—
(a) prepare a report of the review, and
(b) submit the report to the Secretary of State,
as soon as is reasonably practicable after the completion of the review.
(3) The independent person must submit to the Secretary of State—
(a) the first report under this section within the period of 12 months beginning on the day on which this Act comes into force, and
(b subsequent reports at intervals of no more than 12 months thereafter.
(4) On receiving the report, the Secretary of State must, as soon as is reasonably practicable in each case—
(a) publish the report,
(b) lay a copy of the report before Parliament, and
(c) prepare and lay before Parliament a response to the report’s findings.
(5) In this section, references to an “independent person” are to a person who appears to the Secretary of State to be independent of—
(a) the Secretary of State, and
(b) Great British Energy.”

NC3

To move the following Clause—
“Directors: appointment and tenure
Great British Energy must secure that its articles of association provide that—
(a) Great British Energy is to have at least five and no more than fourteen directors;
(b) the chair of Great British Energy’s board, Great British Energy’s chief executive officer and the non-executive directors are to be appointed by the Secretary of State;
(c) the Board is to appoint one or more directors to be responsible for ensuring that the Board considers the interests of the appropriate national authorities when making decisions;
(d) the period of a non-executive director’s appointment is not to exceed four years, or such shorter period as may be specified in the terms on which the director is appointed;
(e) a person may be appointed as a non-executive director no more than two times;
(f) a person ceases to be a non-executive director as soon as—
(i) the person ceases to be a director by virtue of any provision of the Companies Act 2006 or is prohibited from being a director by law,
(ii) the person becomes bankrupt (in relation to England and Wales and Northern Ireland) or the person’s estate has been sequestrated (in relation to Scotland),
(iii) a registered medical practitioner who is treating the person gives a written opinion to Great British Energy stating that the person has become physically or mentally incapable of acting as a director and is likely to remain so for more than three months, or the person has resigned as non-executive director in accordance with notification which the person has given to Great British Energy.”

8

Clause 1, page 1, line 3, at end insert “within 6 months of the day on which this Act is passed.”

10

Clause 3, page 2, line 18, at end insert—
“(e) an emergency home insulation programme with targeted support for people on low incomes, and
(f) the expansion and development of renewable energy and technology.”

This amendment would set objects for Great British Energy of facilitating, encouraging and participating in an emergency home insulation programme with targeted support for people on low incomes, and the expansion and development of renewable energy and technology.

9

Clause 5, page 3, line 8, at end insert—
“(1A) A statement under this section must include as a strategic priority, consistent with Great British Energy’s objects under section 3, measures to be taken to ensure that local communities benefit directly from low carbon and renewable energy projects operating within their area.”

This amendment would require the Secretary of State to set a strategic priority for measures to be taken to ensure local communities benefit from low and renewable energy projects operating in their area.

11

Clause 5, page 3, line 8, at end insert—
“(1A) The statement of strategic priorities under subsection (1) must include the reduction of household energy bills by £300 in real terms by 1 January 2030.”

13

Clause 5, page 3, line 8, at end insert—
“(1A) The statement of strategic priorities under subsection (1) must include ensuring that wholesale electricity prices must be lower in real terms on 1 July 2030 than the day on which this Act is passed.”

15

Clause 5, page 3, line 8, at end insert—
“(1A) The statement of strategic priorities under subsection (1) must include the creation of 650,000 new jobs in the United Kingdom by 2030 resulting directly or indirectly from Great British Energy’s pursuit of its objectives under section 3.”

17

Clause 5, page 3, line 8, at end insert—
““(1A) (a)The statement of strategic priorities under subsection (1) must include developing supply chains within the United Kingdom in the pursuit of Great British Energy’s objects under section 3.
(b) “supply chains” means the network of individuals, organisations, resources, activities and technology involved in the creation and sale of a commodity connected with Great British Energy’s objects under section 3.”

5

Clause 5, page 3, line 12, leave out “consult” and insert “seek and gain consent of”

7

Clause 5, page 3, line 28, leave out “(4) to (6)” and insert “(5) and (6) or to gain consent imposed by subsection (4)”

This amendment is consequential on Amendment 5.

6

Clause 5, page 3, line 29, at end insert—
“(7A) The Secretary of State must by regulations provide for a process by which consent can be signified under subsection (4).”

This amendment is consequential on Amendment 5.

3

Clause 6, page 3, line 38, at end insert—
“(1A) The Secretary of State must, in particular, direct Great British Energy that any revenues generated from activities of Great British Energy in relation to resources located in Scotland must be invested back into projects located in Scotland.”

NC1