Great British Energy
The question
To ask the Secretary of State for Energy Security and Net Zero, whether he expects GB Energy to generate funds through (a) generation of energy, (b) distribution of energy and (c) any other mechanism.
Answered by Michael Shanks
Great British Energy will be a publicly-owned energy company that will invest in, own and operate projects, including generation assets, that expect a return on investments, generating revenue and delivering profits that will benefit the public. Any profit generated through Great British Energy will be channelled into creating further benefits for the UK taxpayers, billpayers and communities. Government does not intend for Great British Energy to be a retail energy supplier.
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