The Labour party has announced its plans for the energy sector, closing off the first full week of the 2024 election campaign.
Great British Energy is one of Keir Starmer’s six first steps for government, should his party win the election. This is branded as a strategy to reduce energy bills, foster energy security and create new jobs. It could equally be described as Starmer’s attempt to drum up support for the energy transition on a very tight budget.
Since the full-scale invasion of Ukraine by Russia, European consumers have seen the price of their energy bills skyrocket. Then, over time, we have transitioned away from dependency to Russian oil and gas, and prices have slowly gone down.
