State-owned electricity generation firm ‘could save Britons nearly £21bn a year’

Analysis by thinktank Common Wealth bolsters Labour’s case to launch national energy company

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.