This is misinformation and deflection from an unelected PM who tells you he is ‘honest’ … er this isn’t honest.
Ofgem itself says our bills include wholesale costs, NETWORK costs and GOVERNMENT POLICY costs (net zero bollocks)
Your own Government admits gas still sets the UK electricity price most of the time.
And what he completely leaves out is the enormous cost of the energy system successive governments have CHOSEN to build.
Renewable subsidies funded by tax payers, Grid expansion where only the shareholders make profit, balancing costs because of Mad Ed and Constraint payments to tempt private investors into business plans that don’t work without tax payer subsidies. Oh and then there’s the £ BILLIONS of new infrastructure WE ALSO HAVE TO FUND.
In fact, this year the Government moved 75% of the legacy Renewables Obligation OFF household electricity bills and onto the Exchequer, THE TAXPAYER NOW PAYS IT.
And Clean Power 2030 requires around £40 BILLION of investment every year to 2030, while NESO is forecasting £3.2bn in constraint costs over just the next 12 months.
So no, Britain does not have expensive electricity simply because we “privatised the basics”.
We have an expensive, gas linked, heavily regulated energy system carrying enormous policy and infrastructure costs.
Changing who owns the funding vehicle for the grid will not make those costs disappear.
Calling it “public control” doesn’t make energy cheap, it just makes him much less honest.
I want to be honest about how we’ve got to a place where British billpayers are paying some of the highest energy costs in Europe.
Over the past 40 years, we’ve given up control of our necessities, outsourced our essentials and privatised the basics. Water, transport, housing. And of course, energy.
Now the public are paying the price. We haven’t invested in the infrastructure we need. Conflict overseas has pushed up energy costs and it’s hurting our businesses and families.
That’s why we need to take back greater control of our energy system.
This week, I announced Great British Grid, which will speed up connections and push down bills.
We’re also giving mayors, local leaders and communities a stronger role. With funding for People’s Power projects, communities will be able to build solar panels on libraries and town halls, hydro schemes in rivers or publicly owned windfarms on local land.
But it’s not just energy we need stronger public control over. It’s also water, housing, transport and care.
So we’re repealing the ban on public ownership of water companies. We’re building more council homes than this country has seen since the end of World War Two.
We’re reforming the leasehold system so families aren’t squeezed for every penny. And we’re opening up home ownership for first time buyers who can’t rely on the bank of mum and dad.
This week I also announced my determination to introduce a National Care Service, to put people above profit and to give pensioners peace of mind.
Together, we’ll rewire the country from top to bottom so that it works for all people in all places.
That is the only way to put Britain back on the right path. It’s the only way to put power back in people’s hands. And it’s the only way we will bring hope again.