The First Minister of Scotland has proposed a nationally owned energy utility company to bring prices down.
Speaking at the SNP conference, Nicola Sturgeon, the First Minister, followed up on the SNP manifesto promise to introduce a publically owned renewable energy company in an attempt to lower bills.
This comes after the Scottish government extended a moratorium on fracking in Scotland, a move which was criticised by industry experts. The Chief executive of UKOOG, Ken Cronin, criticised the Scottish government saying that the decision was based on “dogma not geo-political reality” and said that the government was “ignoring” expert advice.
The First Minister said that the company would allow lower prices for customers saying: “It would give people – particularly those on low incomes – more choice and the option of a supplier whose only job is to secure the lowest price for consumers.”
The cost of supporting renewable energy has however been highlighted by energy companies as a root cause of rising energy bills.