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What nationalising energy companies would cost – and how to do it

UK could bring National Grid and retailers in-house and build public renewable energy, says ex-Labour policy chief

What nationalising energy companies would cost – and how to do it
UK energy prices have continued to soar in 2022 - Mark Robertson/Alamy Stock Photo
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When 62% of Conservative voters want energy run in the public sector, it’s fair to say the left has won the argument (75% of Labour voters agree, 68% of Lib Dems).

Yet public ownership is opposed passionately by the Conservative government, while the leader of the opposition has said he is “not in favour” of it – despite his election on a platform that committed to “bring rail, mail, water and energy into public ownership to end the great privatisation rip-off and save you money on your fares and bills”.

Public ownership is on the media’s radar, too. When Labour leader Keir Starmer announced his policy to freeze bills this week, he was asked why he wouldn’t also nationalise energy, replying that: “In a national emergency where people are struggling to pay their bills ... the right choice is for every single penny to go to reducing those bills.”