Dave Doogan

Great British Energy will work with institutions such as the National Wealth Fund and UK Infrastructure Bank to deliver the Government’s clean energy mission. The Government is currently developing the details of both Great British Energy and the National Wealth Fund in consultation with industry stakeholders and is committed to providing further detail on these bodies and the interactions between them in due course.

Electricity market reform work is key to delivering a decarbonised, secure, and affordable system. The new Government is currently assessing timelines, and we will provide more information in due course.

No. The Government does not intend Great British Energy to be an energy retail company or to supply energy directly to households. Great British Energy will invest in, own and operate energy projects which will produce clean, cheap and homegrown power that is sold to retail companies.

Great British Energy will be an operationally independent company capitalised with £8.3 billion over this Parliament. The exact proportion of investment allocated to different priorities will be a decision for Great British Energy and investment to support early development work on projects will be an important part of its work. The Secretary of State will set out Great British Energy’s strategic priorities in due course.

Great British Energy, through the Local Power Plan, will give local communities a stake in the transition to net zero, as owners and partners in clean energy projects. It will provide commercial, technical and project-planning assistance to Local and Combined Authorities and Community Energy Groups, increasing their capability and capacity to build a pipeline of successful projects in their local areas. As an operationally independent company, Great British Energy will work with stakeholders at the local level to decide ownership structures for each project.

As set out in Great British Energy’s Founding Statement, supporting British supply chains is one of the five key functions of this new publicly-owned energy company. Government is committed to supporting the transition to an affordable, decarbonised power system by 2030, built using domestic manufacturing and supply chains. Government will provide further detail as to the role that Great British Energy will play in due course as we continue to work towards putting a plan in motion to deliver a comprehensive package of support for domestic clean energy supply chains that will significantly boost the number of skilled jobs in these essential industries.

Great British Energy will not seek to own electricity transmission infrastructure, instead it will be a publicly owned generation company that will own, manage, and operate clean energy projects across the country. This means Great British Energy will invest in and own renewable energy projects which will produce clean, cheap and homegrown energy and make Britain energy secure.

Great British Energy will be a publicly-owned energy company that will invest in, own and operate projects. Great British Energy will support the Government's clean power mission by partnering with industry, local authorities and communities.

The exact detail and timeline of specific projects will be set out as appropriate by Great British Energy itself, as an operationally independent company.

Great British Energy will be a publicly-owned energy company that will invest in, own and operate projects, including generation assets, that expect a return on investments, generating revenue and delivering profits that will benefit the public. Any profit generated through Great British Energy will be channelled into creating further benefits for the UK taxpayers, billpayers and communities. Government does not intend for Great British Energy to be a retail energy supplier.

Great British Energy will be a publicly-owned energy company that will invest in, own and operate projects. Great British Energy will support the Government's clean power mission by partnering with industry, local authorities and communities.

The exact detail and timeline of specific projects will be set out as appropriate by Great British Energy itself, as an operationally independent company.

Government does not intend for Great British Energy to buy existing generation assets from private sector operators. Instead, Government anticipates that it will develop a portfolio of new assets, boosting Britain’s energy security whilst also delivering revenues to the British taxpayer. Government will do this by working in partnership with the private sector, local authorities and communities.

Great British Energy will be a publicly-owned energy company that will invest in, own and operate projects. Great British Energy will support the Government's clean power mission by partnering with industry, local authorities and communities.

The exact detail and timeline of specific projects will be set out as appropriate by Great British Energy itself, as an operationally independent company.

No. The 8.3bn of funding allocated to Great British Energy over the next five years will be an additional measure and will not replace the need for other government support mechanisms such as the Contracts for Difference (CfD) scheme. The CfD Scheme is funded through a separate route via the CfD Supplier Obligation Levy. This government has increased the budget for allocation round six of the CfD Scheme by over 50%. The budget is now set at £1.555 billion.