Editorial: The Guardian

• Sir Keir Starmer has announced plans for the British state to play a key role in clean energy.
• Labour proposes a publicly owned company, Great British Energy, to deliver its 2030 clean power goal.
• Report suggests that current approach based on fragmented markets and private profits to decarbonise the energy system is slower, more costly, less secure, and more carbon intensive.
• Electricity prices have directly contributed to inflation.
• GB Energy could provide a faster, fairer and cheaper green transition.
• Renewable investment financed out of Labour’s capitalisation of GB Energy could save on debt interest payments compared to corporate borrowing.
• The present system, reliant on a liberalised wholesale electricity market, makes it difficult to rapidly rollout capital investment.
• The UK’s own clean energy sector already has key stake in public ownership.
• Sir Keir is looking to quadruple the power from sea-based windfarms by 2030, a goal that would be better achieved through GB Energy.

Conclusion: The UK has an opportunity to become a clean energy superpower, something that would be achieved more efficiently and socially just through state ownership of GB Energy, rather than privatisation.

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