ABERDEEN, SCOTLAND - OCTOBER 17:  First Minister of Scotland Nicola Sturgeon  acknowledges applause following  her keynote speech at the 81st annual SNP conference at the Aberdeen Exhibition and Conference Centre on October 17, 2015 in Aberdeen, Scotland.  During her address to delegates, Nicola Sturgeon announced a pledge to build a new network of NHS treatment centres and more financial support for carers if the SNP wins next year's Holyrood elections.  (Photo by Jeff J Mitchell/Getty Images)

Scotland to have public renewable company – First Minister

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.

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