National Grid plc

05/15/2019 | Press release | Distributed by Public on 05/15/2019 05:36

National Grid response to Labour proposals for state ownership

15 May 2019

'National Grid is one of the most reliable networks in the world, we are also at the heart of the decarbonisation agenda. Only a few days ago we broke the record for the longest period of time the country has gone without coal generation.

'We deliver reliability, investment and innovation for just 3% of the average energy bill.

'These proposals for state-ownership of the energy networks would only serve to delay the huge amount of progress and investment that is already helping to make this country a leader in the move to green energy.

'At a time when there is increased urgency to meet the challenges of climate change the last thing that is needed is the enormous distraction, cost and complexity contained in these plans.'