The industry reacts to plans announced by The Labour Party to re-nationalise the UK’s energy networks after a document detailing the plans was leaked.
The Labour Party has unveiled major plans to renationalise the UK’s entire electricity and gas system, claiming that the current system is not fit for purpose.
Renationalisation of the UK’s energy networks could disrupt the low carbon, digital transition underway across the sector and fall short of delivering more renewable generation, according to the sector’s leading trade body.
The Labour Party has reaffirmed its commitment to renationalise the UK’s transmission and distribution networks in a bid to support the energy transition.
Jeremy Corbyn has claimed grid operators have failed to connect renewables to the grid while overcharging their customers, branding them “even worse” than energy suppliers that “jack up prices”.