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The Guardian - UK
The Guardian - UK
Business
Alex Lawson Energy correspondent

UNBELIEVABLE: State owned electricity generation firm could save britons nearly 21bn a year | History Defined

A windfarm off the coast of north Lincolnshire, England
Labour’s Keir Starmer hopes to create a state-backed entity that would invest in clean energy. Photograph: David Sillitoe/The Guardian

A publicly owned electricity generation firm could save Britons nearly £21bn a year, according to new analysis that bolsters Labour’s case to launch a national energy company if the party gains power.

Thinktank Common Wealth has calculated that the cost of generating electricity to power homes and businesses could be reduced by £20.8bn or £252 per household a year under state ownership, according to a report seen by the Guardian.

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