However, the Conservatives have said GB Energy “will end up costing families, not cutting bills”.
“It’s a financial black hole – funnelling taxpayers’ money into reducing risk for multi-million-pound energy companies,” said shadow energy secretary Claire Coutinho.
At a press conference later on Thursday, the prime minister was questioned further over whether he stood by Labour’s election campaign pledge that GB Energy would lead to energy bills falling by £300 a year per household by 2030.
Sir Keir said: “Yes I do, I stand by everything in our manifesto and one of things I made clear in the election campaign is that I wouldn’t make a single promise or commitment that I didn’t think we could deliver in government.”
The government is providing GB Energy with £8.3bn of funding but hopes to attract £60bn of private investment.
The aim is to get windfarm projects that could generate between 20GW and 30GW of offshore power to lease stage by 2030.
The Crown Estate already had this as a target, but on Thursday the government confirmed it would help.
https://www.bbc.com/news/articles/crglp32zzw2o,
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