Can Labour pull off its Great British Energy plan?
The Power Test
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Challenges and Complexities of the Great British Energy Plan
The chapter delves into the challenges and complexities of the Great British Energy plan, discussing reasons why it may not be successful and emphasizing the need to decouple wholesale prices from natural gas prices for new renewables investment. It also touches on public perceptions, policy levers like price controls, the expensive nature of the energy transition, and the importance of reducing the cost of clean energy while ensuring consumer benefits.
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