NSW Labor pledges $1 billion for new state-owned energy body if elected in March

Labor leader Chris Minns has criticised the state government for not doing enough to combat rising energy bills. (AAP: Bianca De Marchi)

The New South Wales opposition has promised to allocate $1 billion to a new state-run energy body if it is elected on March 25.

Labor made the announcement on Sunday, saying the new Energy Security Corporation (ESC) would drive investment into renewables to ensure services "when the sun doesn't shine or the wind doesn't blow".