Holyrood Scraps Plan For Public Energy Company

9th September 2021

From Daily Business.

A plan to set up a state-owned energy company has been dropped by the Scottish Government, Daily Business has learned.

Four years after promising a state-backed company delivering low cost power, ministers are now focusing efforts on a "new dedicated national public energy agency" that will be more of an advisory body.

First Minister and SNP leader Nicola Sturgeon told delegates at the party's 2017 conference that the government would create a not-for-profit energy company promising low prices for consumers.

It would buy its energy on the wholesale market or generate it in Scotland - from renewable sources.

Since then there has been little sign of progress and in June this year, Green co-leader and now government minister Lorna Slater, criticised Ms Sturgeon for not moving fast enough on the plan.

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