Jump to content

Great British Energy: Difference between revisions

From Wikipedia, the free encyclopedia
Browse history interactively
← Previous editNext edit →
Content deleted Content added
VisualWikitext
m Already elected
Added that GB Energy will be headquarted in Aberdeen according to BBC News. SOURCE: https://www.bbc.co.uk/news/articles/c7v5y6gnjeyo
(33 intermediate revisions by 18 users not shown)
Line 1: Line 1:
{{Short description|Planned British governmental investment body}}
{{Short description|Planned British governmental investment body}}
{{Infobox government agency
| name = Great British Energy
| logo = File:GB Energy logo.png
| formed = 2024
| dissolved =
| jurisdiction = [[United Kingdom]]
| status = Ongoing; see [[Great British Energy Bill]]
| headquarters = [[Aberdeen]] <ref>{{Cite Web |date=2024-09-03 |title=GB Energy to be headquartered in Aberdeen |url=https://www.bbc.co.uk/news/articles/c7v5y6gnjeyo |access-date=2024-09-05 |website=[[BBC News]] |language=en-GB}}</ref>
| minister1_name = [[Ed Miliband]]
| minister1_pfo = [[Secretary of State for Energy Security and Net Zero]]
| parent_department = [[Department for Energy Security and Net Zero]]
| child2_agency = <!-- up to |child25_agency= -->
| keydocument1 = <!-- up to |keydocument6= -->
| website = <!-- {{URL|example.com}} -->
}}
{{Keir Starmer sidebar}}
{{Keir Starmer sidebar}}
'''Great British Energy''' (shortened to '''GB Energy''' or '''GBE''') is a planned British governmental investment body and publicly owned energy generation company that has been announced as part of the British [[Labour Party (UK)|Labour Party]]'s plans for energy policy.<ref>{{Cite web |title=Switch on Great British Energy |url=https://labour.org.uk/missions/clean-energy/ |access-date=2024-06-01 |website=[[Labour Party (UK)|Labour Party]]|language=en-GB}}</ref><ref name=":0">{{Cite web |date=2024-05-30 |title=GB energy firm would secure future jobs, says Labour |url=https://www.bbc.com/news/articles/c9xxpypr8d0o |access-date=2024-06-01 |website=[[BBC News]]|language=en-GB}}</ref><ref>{{Cite web |title=King's Speech - Debate (4th Day) |url=https://www.theyworkforyou.com/lords/?id=2023-11-13b.281.1&s=energy+bill |access-date=2024-06-01 |website=TheyWorkForYou |language=en}}</ref><ref>{{Cite web |last=Minio-Paluello |first=Mika |last2=Markova |first2=Anna |date=2024-07-18 |title=GB Energy: what did the King’s Speech reveal about the government’s plan? |url=https://www.tuc.org.uk/blogs/gb-energy-what-did-kings-speech-reveal-about-governments-plan |url-status=live}}</ref> The proposed body would invest in [[renewable energy]] and own, manage and operate clean power projects. The Labour Party plans to pass legislation in the form of a "[[Great British Energy Bill]]" <ref>{{Cite web |date=2024-07-19 |title= King's Speech 2024: background briefing notes - Great British Energy Bill|url= https://assets.publishing.service.gov.uk/media/6697f5c10808eaf43b50d18e/The_King_s_Speech_2024_background_briefing_notes.pdf#page46 |access-date=2024-07-19 |website=[[GOV.UK]]|language=en-GB}}</ref> to enable the creation of the company.<ref>{{Cite web |date=2024-05-29 |title=Labour promised a state-owned energy company. Can it work? |url=https://www.politico.eu/article/labour-party-energy-company-uk-election-keir-starmer/ |access-date=2024-06-01 |website=[[Politico]]|language=en-GB}}</ref>


'''Great British Energy''' (or '''GB Energy''') is a planned British governmental investment body that has been announced as part of the British [[Labour Party (UK)|Labour Party]]'s plans for energy policy.<ref>{{Cite web |title=Switch on Great British Energy |url=https://labour.org.uk/missions/clean-energy/ |access-date=2024-06-01 |website=The Labour Party |language=en-GB}}</ref><ref name=":0">{{Cite web |date=2024-05-30 |title=GB energy firm would secure future jobs, says Labour |url=https://www.bbc.com/news/articles/c9xxpypr8d0o |access-date=2024-06-01 |website=BBC News |language=en-GB}}</ref><ref>{{Cite web |title=King's Speech - Debate (4th Day) |url=https://www.theyworkforyou.com/lords/?id=2023-11-13b.281.1&s=energy+bill |access-date=2024-06-01 |website=TheyWorkForYou |language=en}}</ref> The proposed body would invest in [[renewable energy]]. The Labour Party plans to pass legislation in the form of an "[[Energy Independence Bill]]" to enable the creation of the company.<ref>{{Cite web |date=2024-05-29 |title=Labour promised a state-owned energy company. Can it work? |url=https://www.politico.eu/article/labour-party-energy-company-uk-election-keir-starmer/ |access-date=2024-06-01 |website=POLITICO |language=en-GB}}</ref>
The idea was originally created by the former Labour leader [[Ed Miliband]] as part of a wider platform of policies.<ref>{{Cite web |title=Labour has launched its Great British Energy policy - do we need it? |url=https://news.sky.com/story/labour-has-launched-its-great-british-energy-policy-do-we-need-it-13145660 |access-date=2024-06-01 |website=[[Sky News]] |language=en}}</ref> Prior to June 2024, Great British Energy had been floated by the Labour Party as being a proposal for the creation of an energy generating company, rather than an investment body.<ref>{{Cite web |date=2024-05-31 |title=Labour's GB Energy plan branded 'a sham' as they admit 'it's not an energy company' |url=https://www.thenational.scot/news/24357703.labours-plans-gb-energy-branded-sham-major-admission/ |access-date=2024-06-01 |website=[[The National (Scotland)|The National]]|language=en}}</ref> As the minister responsible, Miliband later recommitted to the proposal of GBE as an energy generator, comparing the body to energy companies such as [[Ørsted (company)|Ørsted]] and [[Statkraft]].<ref>{{Cite journal |date=2024-07-18 |title=Clean Energy Superpower Mission |url=https://hansard.parliament.uk/commons/2024-07-18/debates/1B2ABCB9-1455-4C86-8E2F-5E763B38E888/CleanEnergySuperpowerMission#contribution-9FCC372C-2600-4A0F-912E-C4FB2B2BB587 |journal=Hansard}}</ref>


Prior to June 2024, Great British Energy had previously been floated by the Labour Party as being a proposal for the creation of an energy generating company, rather than an investment body.<ref>{{Cite web |date=2024-05-31 |title=Labour's GB Energy plan branded 'a sham' as they admit 'it's not an energy company' |url=https://www.thenational.scot/news/24357703.labours-plans-gb-energy-branded-sham-major-admission/ |access-date=2024-06-01 |website=The National |language=en}}</ref> The idea was originally created by the former Labour leader [[Ed Miliband]] as part of a wider platform of policies.<ref>{{Cite web |title=Labour has launched its Great British Energy policy - do we need it? |url=https://news.sky.com/story/labour-has-launched-its-great-british-energy-policy-do-we-need-it-13145660 |access-date=2024-06-01 |website=Sky News |language=en}}</ref>
Great British Energy will have its headquarters in Scotland.<ref>{{Cite web |date=2024-05-31 |title=Energy HQ will bring huge number of Scottish jobs - Starmer |url=https://www.bbc.com/news/articles/cgrre16k21no |access-date=2024-06-01 |website=BBC News |language=en-GB}}</ref> A target has been set for GBE to be directly responsible for generating 8 GW of renewable power by 2030.<ref>{{Cite news |last=Gatten |first=Emma |date=2024-05-31 |title=What is Great British Energy? Labour's flagship policy explained |url=https://www.telegraph.co.uk/news/2024/05/31/what-is-great-british-energy-labour/ |access-date=2024-06-01 |work=[[The Daily Telegraph]]|language=en-GB |issn=0307-1235}}</ref> According to the Labour Party, some of the funding for GBE would be provided from additional taxation of the fossil fuel industry.<ref name=":0" />


On 5 July 2024, Ed Miliband was newly appointed as Secretary of State for Energy Security and [[Net Zero]] and made his first formal announcement to civil servants, outlining his priorities to make the UK a clean energy superpower with the creation of GB Energy.<ref>{{cite web |date=2024-07-08 |title=Energy Secretary Ed Miliband sets out his priorities for the department|url=https://www.gov.uk/government/news/energy-secretary-ed-miliband-sets-out-his-priorities-for-the-department|access-date=2024-07-10 |work=[[Gov.uk]]}}</ref>
According to the Labour Party's plans, Great British Energy would have its headquarters in Scotland.<ref>{{Cite web |date=2024-05-31 |title=Energy HQ will bring huge number of Scottish jobs - Starmer |url=https://www.bbc.com/news/articles/cgrre16k21no |access-date=2024-06-01 |website=BBC News |language=en-GB}}</ref> A target has been set for GBE to be directly responsible for generating 8 GW of renewable power by 2030.<ref>{{Cite news |last=Gatten |first=Emma |date=2024-05-31 |title=What is Great British Energy? Labour's flagship policy explained |url=https://www.telegraph.co.uk/news/2024/05/31/what-is-great-british-energy-labour/ |access-date=2024-06-01 |work=The Telegraph |language=en-GB |issn=0307-1235}}</ref> According to the Labour Party, some of the funding for GBE would be provided from additional taxation of the fossil fuel industry.<ref name=":0" />


The government initiated a plan to utilize the [[Crown Estate]]'s British seabed for windfarms, aiming to power 20 million homes. This was the first major move by GB Energy, receiving £8.3bn in state funding to boost renewable energy. Ed Miliband asserted that the initiative would eventually lower household bills, although the Conservative Party criticized it as costly for families. The plan also included discussions with Scotland and Northern Ireland for similar projects. The government sought to attract £60bn in private investment, and to involve GB Energy in various renewable projects, including carbon capture and tidal energy.<ref>{{cite news|last1=Espiner |first1=Tom |last2=Jack |first2=Simon |title=Labour to use Crown Estate land to boost wind energy |date=24 July 2024 |url=https://www.bbc.com/news/articles/crglp32zzw2o |website=BBC News |archive-url=https://web.archive.org/web/20240725040336/https://www.bbc.com/news/articles/crglp32zzw2o |archive-date=25 July 2024 |access-date=25 July 2024}}</ref> GB Energy, was expected to establish its headquarters in Aberdeen. The company was also planning smaller offices in other parts of Scotland.<ref>{{cite news|last1=Delaney |first1=James |last2=Porter |first2=David |title=GB Energy to be headquartered in Aberdeen |date=3 September 2024 |url=https://www.bbc.com/news/articles/c7v5y6gnjeyo |access-date=4 September 2024}}</ref>
⚫
== References ==
{{reflist}}{{Keir Starmer}}{{Labour Party (UK)}}


== Opposition to GB Energy ==
⚫
[[Category:Labour Party (UK)]]
Opposition to the planned GB Energy, has included the claim from the [[The Conservative and Unionist Party|Conservative]] opposition, that GB Energy will lead to higher energy bills, as part of a general opposition to [[State ownership|state-ownership]] of the [[Electricity market|electricity markets]], which led to the [[moniker]] "Giant Bills Energy".<ref>"Giant Bills Energy" was a moniker used by the then ruling ''[[Conservative Party (UK)|Conservative Party]]'' during the [[2024 United Kingdom general election|2024 UK General Election]], as part of [[Rishi Sunak|Rishi Sunak's]] public opposition to the state-owned company.</ref>

There has also been opposition to GB Energy as part of a general opposition to [[Net zero emissions|Net Zero emissions]] targets, as GB Energy aims to be powered entirely through renewable energy sources, such as [[Wind power|wind]] and [[Solar power|solar]], according to the ruling [[Labour Party (UK)|Labour Party]].<ref>{{Cite web |title=Great British Energy |url=https://great-british-energy.org.uk/ |access-date=2024-07-25 |website=great-british-energy.org.uk |language=en}}</ref><ref>{{Cite web |last=Turver |first=David |date=2024-07-25 |title=Labour Launches GB Energy Bill |url=https://davidturver.substack.com/p/labour-launches-gb-energy-bill |access-date=2024-07-25 |website=Eigen Values}}</ref>

== See also ==

* [[Renewable energy in the United Kingdom]]
* [[Energy policy of the United Kingdom]]
* [[Trydan Gwyrdd Cymru]]
* [[Ørsted (company)|Ørsted]]
* [[Vattenfall]]

⚫
==References==
{{reflist}}

{{Keir Starmer|state=collapsed}}

<!--[[Category:Companies based in xxx]]
[[Category:Energy companies established in 2025]]-->
[[Category:Energy policy of the United Kingdom]]
[[Category:Energy policy of the United Kingdom]]
[[Category:Government-owned companies of the United Kingdom]]
⚫
[[Category:Labour Party (UK)]]
[[Category:Premiership of Keir Starmer]]
[[Category:Renewable energy in the United Kingdom]]
[[Category:Renewable energy in the United Kingdom]]
[[Category:Keir Starmer]]
<!--[[Category:2025 establishments in Scotland]]-->
[[Category:Ed Miliband]]

Revision as of 14:05, 5 September 2024

Great British Energy
Agency overview
Formed2024
JurisdictionVereinigtes Königreich
StatusOngoing; see Great British Energy Bill
HauptsitzAberdeen [1]
Minister responsible
Parent departmentDepartment for Energy Security and Net Zero
This article is part of
a series about
Keir Starmer
  • Legal career
Policies
Elections
Keir Starmer's signature

Great British Energy (shortened to GB Energy or GBE) is a planned British governmental investment body and publicly owned energy generation company that has been announced as part of the British Labour Party's plans for energy policy.[2][3][4][5] The proposed body would invest in renewable energy and own, manage and operate clean power projects. The Labour Party plans to pass legislation in the form of a "Great British Energy Bill" [6] to enable the creation of the company.[7]

The idea was originally created by the former Labour leader Ed Miliband as part of a wider platform of policies.[8] Prior to June 2024, Great British Energy had been floated by the Labour Party as being a proposal for the creation of an energy generating company, rather than an investment body.[9] As the minister responsible, Miliband later recommitted to the proposal of GBE as an energy generator, comparing the body to energy companies such as Ørsted and Statkraft.[10]

Great British Energy will have its headquarters in Scotland.[11] A target has been set for GBE to be directly responsible for generating 8 GW of renewable power by 2030.[12] According to the Labour Party, some of the funding for GBE would be provided from additional taxation of the fossil fuel industry.[3]

On 5 July 2024, Ed Miliband was newly appointed as Secretary of State for Energy Security and Net Zero and made his first formal announcement to civil servants, outlining his priorities to make the UK a clean energy superpower with the creation of GB Energy.[13]

The government initiated a plan to utilize the Crown Estate's British seabed for windfarms, aiming to power 20 million homes. This was the first major move by GB Energy, receiving £8.3bn in state funding to boost renewable energy. Ed Miliband asserted that the initiative would eventually lower household bills, although the Conservative Party criticized it as costly for families. The plan also included discussions with Scotland and Northern Ireland for similar projects. The government sought to attract £60bn in private investment, and to involve GB Energy in various renewable projects, including carbon capture and tidal energy.[14] GB Energy, was expected to establish its headquarters in Aberdeen. The company was also planning smaller offices in other parts of Scotland.[15]

Opposition to GB Energy

Opposition to the planned GB Energy, has included the claim from the Conservative opposition, that GB Energy will lead to higher energy bills, as part of a general opposition to state-ownership of the electricity markets, which led to the moniker "Giant Bills Energy".[16]

There has also been opposition to GB Energy as part of a general opposition to Net Zero emissions targets, as GB Energy aims to be powered entirely through renewable energy sources, such as wind and solar, according to the ruling Labour Party.[17][18]

See also

References

  1. ^ "GB Energy to be headquartered in Aberdeen". BBC News. 2024-09-03. Retrieved 2024-09-05.
  2. ^ "Switch on Great British Energy". Labour Party. Retrieved 2024-06-01.
  3. ^ a b "GB energy firm would secure future jobs, says Labour". BBC News. 2024-05-30. Retrieved 2024-06-01.
  4. ^ "King's Speech - Debate (4th Day)". TheyWorkForYou. Retrieved 2024-06-01.
  5. ^ Minio-Paluello, Mika; Markova, Anna (2024-07-18). "GB Energy: what did the King's Speech reveal about the government's plan?".{{cite web}}: CS1 maint: url-status (link)
  6. ^ "King's Speech 2024: background briefing notes - Great British Energy Bill" (PDF). GOV.UK. 2024-07-19. Retrieved 2024-07-19.
  7. ^ "Labour promised a state-owned energy company. Can it work?". Politico. 2024-05-29. Retrieved 2024-06-01.
  8. ^ "Labour has launched its Great British Energy policy - do we need it?". Sky News. Retrieved 2024-06-01.
  9. ^ "Labour's GB Energy plan branded 'a sham' as they admit 'it's not an energy company'". The National. 2024-05-31. Retrieved 2024-06-01.
  10. ^ "Clean Energy Superpower Mission". Hansard. 2024-07-18.
  11. ^ "Energy HQ will bring huge number of Scottish jobs - Starmer". BBC News. 2024-05-31. Retrieved 2024-06-01.
  12. ^ Gatten, Emma (2024-05-31). "What is Great British Energy? Labour's flagship policy explained". The Daily Telegraph. ISSN 0307-1235. Retrieved 2024-06-01.
  13. ^ "Energy Secretary Ed Miliband sets out his priorities for the department". Gov.uk. 2024-07-08. Retrieved 2024-07-10.
  14. ^ Espiner, Tom; Jack, Simon (24 July 2024). "Labour to use Crown Estate land to boost wind energy". BBC News. Archived from the original on 25 July 2024. Retrieved 25 July 2024.
  15. ^ Delaney, James; Porter, David (3 September 2024). "GB Energy to be headquartered in Aberdeen". Retrieved 4 September 2024.
  16. ^ "Giant Bills Energy" was a moniker used by the then ruling Conservative Party during the 2024 UK General Election, as part of Rishi Sunak's public opposition to the state-owned company.
  17. ^ "Great British Energy". great-british-energy.org.uk. Retrieved 2024-07-25.
  18. ^ Turver, David (2024-07-25). "Labour Launches GB Energy Bill". Eigen Values. Retrieved 2024-07-25.
Retrieved from "https://en.wikipedia.org/w/index.php?title=Great_British_Energy&oldid=1244176434"