Posted on: 17/10/2017
The Scottish Government plans to launch a publicly-owned, not-for-profit energy company.
First Minister Nicola Sturgeon announced the move at the Scottish National Party’s (SNP’s) annual conference and promised more details will be made available when her administration publishes its next energy strategy.
Plans for a public-owned power provider formed part of the SNP’s manifesto last year.
Sturgeon said the “idea, at its heart, is simple”.
“Energy would be bought wholesale or generated here in Scotland – renewable, of course – and sold to customers as close to cost price as possible.”
However, Scottish-based energy company SSE has argued that it was “not appropriate” for government to supply power on a large scale as it risks distorting the market and deterring private investment.
> See Sturgeon's speech in full