Mar 28, 2019

Labour to outline National Grid ownership plans

Labour is set to release a policy paper outlining how it will transfer the UK's National Grid to public ownership. In its paper, the party says the Grid - a public limited company which is listed on two stock exchanges - will be run by a new National Energy Agency. Labour says public ownership - majority or controlling shareholding by the government - would lower bills for consumers. The Labour paper says the companies that own the UK's energy networks have paid out almost £12bn in dividends to shareholders over the last five years. Network costs make up more than one-quarter of gas and electricity bills in the UK. Privatised distribution network operators allocate electricity from the transmission grid to homes and businesses in 14 geographical areas.

Read the full story

 Related companies

Make a complaint about National by viewing their customer service contacts.