Leaked Labour manifesto plans energy renationalisation
A draft copy of the Labour Party general election manifesto has revealed plans to take back parts of the energy sector into public ownership, including central government control of the transmission and distribution grids. Leaked to the Daily Telegraph on Wednesday 10 May, the draft manifesto also proposed the creation of at least one publicly owned supplier in every region of the UK and an emergency price cap to bring the average dual fuel household energy bill to below £1000/ year. Labour would also insulate 4mn homes as an infrastructure priority, ban fracking and legislate for a zero carbon homes standard. Central government would take control of the “policy and information functions” of Ofgem. The manifesto still has to be approved by bodies including the shadow cabinet and the party's National Executive Committee. The final version is expected to be released next week.