UKSIF Submission: Great British Energy Bill – Call for Evidence

UKSIF has responded to the Call for Evidence from the parliamentary committee scrutinising the Great British Energy Bill.

We believe that Great British Energy could play an important role in attracting much-needed private investment, if established with the right operational objectives. We are however concerned that there is no mention of private investment in the Bill as published. Given the level of investment that will be needed to decarbonise the UK’s electricity system, we strongly believe that crowding in private investment into clean energy should be included as one of the Bill’s objects.

We also have concerns that some activities that the government has said GB Energy will carry out, such as direct ownership and management of clean energy assets, risk conflicting with the private sector’s role and could crowd out private capital.

Read More