Context
The question arises from a debate on whether public ownership of the energy sector could offer benefits.
Question
Whether she has made an assessment of the potential merits of public ownership of the energy system. Despite disagreement, public ownership exists through offshore wind assets that are 45% owned by state-owned companies of countries like Denmark and Norway. Publicly owned energy companies can accelerate clean energy transition while creating jobs, reducing bills, and ensuring direct benefits to the public.
Answer from Justin Tomlinson
Properly regulated markets incentivise private capital investment in the energy sector for consumer benefit through market competition, driving efficiency and innovation. In Nottingham City Council's Robin Hood Energy case, chaired by a politician, it cost taxpayers £38 million.
Not addressed: The merits of public ownership were not assessed; instead, emphasis was on private markets and an example was given that did not directly address the question.
How: Changed Subject To Robin Hood Energy Case
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