The National Grid has said, “The Labor Party’s plans to nationalize the country’s energy networks would affect the shift to green Energy.” Via its network of pylons and pipelines, the firm is UK’s largest transmitter of electricity and gas. The Labor Party said its aim to return it to public ownership would “usher in a Green Industrial Revolution” and tackle the important issue of climate change.
National Grid said the proposal was the “last thing” it needed.
The Labor proposals are in a document entitled ‘Bringing Energy Home’, which was due to be presented today i.e. Thursday by their leader Jeremy Corbyn and Rebecca Long Bailey, the shadow energy secretary. The document says Labor plans to fit solar panels to one million social and low-income homes in order to deal with fuel poverty by providing households with free energy and average savings of £117 a year. These savings would rise to £270 for households of retired people.
The party said, “Any unused electricity generated by the programme will be used by the National Grid then labor will take it to public ownership, raising an additional £66m per year for local authorities.”
However, after the report was leaked, the National Grid said, “These proposals would only serve to delay the huge amount of progress and investment that is already helping to make this country a leader in the move to green energy”. “At a time when there is increased urgency to tackle the challenges of climate change, the last thing that is needed is the enormous distraction, cost and complexity contained in these plans.”
Labor said it had committed to generating at least 60% of the UK’s electricity and heat from renewable and low-carbon sources by 2030.