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UK Labour’s bold energy policy on nationalising the grid

Ecologist 16th May 2019 The national grid would be nationalised under a Labour government so that
£13 billion would no longer be paid to shareholders each year and more
investment would be targeted at decarbonisation, the Shadow Business
Secretary, Rebecca Long Bailey, announced today. Heat and electricity would
be made a “human right for all” under the radical new policy which has the
personal support of Jeremy Corbyn, the Labour party leader. A Labour party
spokesperson said: “Privatisation of the UK’s energy grid is ripping off
customers. 25 percent of energy bills is paid out to network companies.
This is used to line the pockets of shareholders, with over £13 billion
paid out in dividends over the last five years.”

https://theecologist.org/2019/may/16/labours-green-industrial-revolution

May 20, 2019 - Posted by Christina Macpherson | ENERGY, UK