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Labour’s plans for Great British Energy brought to parliament

25 July 2024

The new Labour government has brought its plans for a publicly owned energy company, Great British Energy, to parliament.

The Great British Energy Bill was formally introduced to the House of Commons on the 25th of July, and the bill is expected to pass through its second stage in early September.

Following a long-standing commitment to base the energy company in Scotland, Labour have since announced GB Energy will be headquartered in Aberdeen. 

The latest from the Net Zero timeline:

Wider Context 7th July 2024

New Labour government elected

Labour won a large majority in the 2024 General Election, increasing the number of Labour MPs in Parliament to 412. The Labour win was delivered on an historically low turnout, and via a small rise in Labour’s vote share compared to 2019.

The result ushers in a government that will be (relatively) bolder on climate and net zero policy, compared to the outgoing Conservative government, who sustained their worst ever electoral defeat. Parliament now has a number of new pro-climate MPs, not only in Labour but in the Liberal Democrats and the Green Party (both of which saw surges in their vote share). Reform UK, the only party standing on an anti-net zero ticket, also saw a surge in support.

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