Cheaper household bills promised with 'clean, green' energy transition

Labour says its plans to turn the UK into a "clean energy superpower" will drive down household bills for people living in the UK.

Labour argues that decarbonising the power system will increase energy security by reducing the UK’s dependence on imported oil and gas, which will also reduce consumers’ exposure to volatile international prices and keep bills low. The fund will deploy money through the UK Infrastructure Bank to allow investments to start immediately, and aims to simplify the UK’s “fragmented landscape of support for businesses and investors”, while generating a return for taxpayers.

Responding to the government's plans for clean energy, Greg Jackson, founder of Octopus Energy, said: “The Government’s clean energy vision laid out in the King’s Speech is ambitious but can be achieved with rapid action and huge effort. Accompanied by market reform it could deliver some of Europe’s cheapest power and lower bills for UK households.

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