The Labour Party has achieved a landslide victory in the UK general election, however, as it forms the next government clarity is needed on GB Energy.

Labour has proposed a number of policies relating to the UK’s energy market in the build-up to polling day with a publicly owned energy firm being high up the list of priorities.

GB Energy could be a great idea, if people know what it is actually setting out to do.

Scottish Labour leader Anas Sarwar described it as a “publicly owned energy generation company” while the incoming prime minister Kier Starmer said it would be an “investment vehicle, not an energy company“.

The Labour Party also suggested it would not be an energy retail company and that it would “generate power in its own right, as well as owning, managing and operating clean power projects alongside private firms”.

https://www.energyvoice.com/renewables-energy-transition/556276/watch-labour-wins-now-what-is-gb-energy/

WATCH: Labour wins, now what is GB Energy?

The Labour Party has achieved a landslide victory in the UK general election, however, as it forms the next government clarity is needed on GB Energy.