Have your say on Wales’s new public energy company

Consultation launched on proposals for a single national public energy company that will pay back into community. 

The Welsh government is seeking views on its proposed plan to establish a national energy company which would bring together existing energy companies and ensure that economic benefits from natural energy resources in Wales benefit the people of that country. 

Wales, of course, has abundant energy resources in the form of water and wind, as well as solar. The proposals aim to increase Welsh government ownership of energy projects, while also working to help communities, businesses and public services make better use of Welsh-produced energy. 

While the new company would not replace existing energy suppliers or directly set household energy prices, the hope is that the new ownership model would help to reduce energy costs over time, while also ensuring more money is reinvested into Welsh communities and public services. 

The consultation Formation of a consolidated Welsh public energy company is now open and runs until November 30. 

Adam Price MS, Cabinet Minister for Enterprise, Connectivity and Energy, says: ‘Wales has huge potential to generate clean energy from our natural resources. We want to make sure the benefits of that energy are felt by people and communities across Wales, both in jobs and growth but eventually in lower bills, too. 

‘Wales is on the verge of a second – or another – energy revolution and this time we want to make sure we keep more of the benefits here. This consultation is about how we can build a stronger Welsh energy sector, support local ownership and create lasting value for future generations. It’s about cheaper, cleaner energy that is made and owned in Wales. We want to hear from people, communities, businesses and organisations across Wales about how this company should work and what it should deliver.’ 

Photo by Marcus Woodbridge / Unsplash

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