Labour ready to launch GB Energy within days if it wins election

Ed Miliband said the new publicly-owned Great British Energy company would lead to a 'mind-blowing' reduction in billsLabour is preparing to launch its publicly-owned Great British Energy company within days of the election if it wins, Ed Miliband has said.leader said the party wanted to get going “very, very quickly” on its plans for the energy company, which it has pledged will help bring down bills over the next parliament by investing in green energy.

The target is far more ambitious than in France, which plans to move to 58 per cent clean energy by the same date, and Germany, which aims for 80 per cent. Both countries also plan to spend significantly more public money than the UK to hit those targets. Examples include solar and wind energy and hydropower, which uses the natural flow of moving water to generate electricity.He was also quoted in the party’s manifesto this week, where he said: “A national mission for clean power by 2030 is achievable and should be prioritised.

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