May 11, 2017
Reality Check: Labour and the National Grid
Owning the distribution network would give the government considerably more control as it attempted to deliver promises in the leaked manifesto to deliver renewable energy and affordability for consumers, including keeping the average dual fuel bill below £1,000 a year. Control over the network may help with this, but the government via its regulator and planning decisions already has a big say over the future energy mix. Just nationalising National Grid would not achieve what Labour is promising - it would give the government the company that owns all of the UK's electricity distribution. National Grid owns a minority stake in Cadent Gas, which transports gas around four of the eight regional distribution networks in the UK, servicing about 11 million customers. The leaked manifesto calls for control of these companies, which could possibly be achieved by buying stakes in these businesses rather than nationalising them.
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