Welsh Government plans publicly-owned energy company

A consultation on the proposed company was launched today by the Welsh Government and will remain open until November 30, 2026.

The company would bring together existing energy organisations and aim to ensure more of the economic benefits from Wales’s energy resources reach people, communities, businesses and public services in Wales.

Wales has some of the best renewable energy resources in Europe. The proposed organisation would seek to increase Welsh ownership of energy projects and help communities, businesses and public services make better use of energy produced in Wales.

It would not replace existing energy suppliers or directly set household energy prices. However, the Welsh Government said greater Welsh ownership of energy projects could help reduce energy costs over time.

It also said the approach could ensure more money is reinvested in Welsh communities and public services.

Adam Price, Cabinet Minister for Enterprise, Connectivity and Energy, said: "Wales has huge potential to generate clean energy from our natural resources."

He said: "We want to make sure the benefits of that energy are felt by people and communities across Wales, both in jobs and growth but eventually in lower bills too."

Mr Price said: "This consultation is about how we can build a stronger Welsh energy sector, support local ownership and create lasting value for future generations."

He said: "It’s about cheaper, cleaner energy that is made and owned in Wales."

The minister said the consultation would help shape how the company should work and what it should deliver. People, communities, businesses and organisations across Wales are being invited to respond.

The proposals are aimed at cutting energy bills in the future. In the meantime, the Welsh Government said it was using available measures to help households manage current energy costs.

More than £37m is being invested in the Nest scheme this year. It supports low-income families living in cold, damp conditions and provides advice and help with energy efficiency.

Support is also available through fuel vouchers and heating assistance.

The Claim What’s Yours service helps people check whether they qualify for extra income and guides them through the process. Advice is free and confidential on 0800 702 2020.

The Nest advice line is open to everyone. It offers advice on reducing energy costs and checks eligibility for free energy efficiency measures. The freephone number is 0808 808 2244.

Responses can be submitted online at https://www.gov.wales/formation-consolidated-welsh-public-energy-company.