RenewableUK comments on Labour’s plans for nationalisation of energy networks
16 May 2019
Posted by: Rob Norris
RenewableUK is commenting on the Labour Party’s proposals to take National Grid and DNOs into public ownership, which are set out in its document “Bringing Energy Home” published today.
RenewableUK’s Head of External Affairs Luke Clark said:
“RenewableUK members are investing tens of billions of pounds to transform our energy sector, and any reforms must support continued investment in a low carbon future and the rapid deployment of renewables.
There is much more that can be done within existing structures to enable investment in cheap renewable energy, and clean jobs and industry around the UK. Policymakers could accelerate the UK’s journey to a smarter electricity system, with flexible technologies and markets saving consumers billions of pounds each year.
Restructuring our energy networks risks being a costly and complex option, when we also need to speed up the decarbonisation of our economy”.
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RenewableUK’s members are building our future energy system, powered by clean electricity. We bring them together to deliver that future faster; a future which is better for industry, billpayers, and the environment. We support over 400 member companies to ensure increasing amounts of renewable electricity are deployed across the UK and access markets to export all over the world. Our members are business leaders, technology innovators, and expert thinkers from right across industry.