Great British Energy

Department for Energy Security and Net Zero written question – answered at on 3 September 2024.

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Photo of Dave Doogan Dave Doogan Scottish National Party, Angus and Perthshire Glens

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.

Photo of Michael Shanks Michael Shanks Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)

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.

Does this answer the above question?

Yes2 people think so

No1 person thinks not

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