Burnham’s electricity grid idea is interesting – but it’s not ‘public control’
For all the talk, the real value of GB Grid lies in giving the regulator perfect data to drive down costs What is Burnham’s GB Grid plan and could it bring down energy bills? Did share prices shudder as Andy Burnham unveiled Great British Grid (GBG) as a public sector challenger to the trio of private sector firms that own and operate the electricity grid? Not exactly. National Grid and SSE, the…
Andy Burnham's proposed GB Grid plan has sparked interest, but it is not a call for "public control" of the electricity grid. The National Grid and SSE, the two companies listed in London, saw a slight dip in share prices, aligning with the broader market reaction. This response seems appropriate and reflects the reality of the situation.
Burnham's plan aims to provide the regulator with superior data to reduce costs, but it does not propose nationalizing assets or taking control of the current network operators. The announcement from the energy department makes it clear that GB Grid is intended to complement existing institutions, rather than replacing them.
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