What is Burnham’s GB Grid plan and could it bring down energy bills?

Proposed government-backed network body welcomed by some in sector but others call it just another quango

• Nils Pratley: Burnham’s electricity grid idea is interesting – but it’s not ‘public control’

Andy Burnham’s first address to the Labour party conference as prime minister addressed Britain’s rising energy costs and sluggish economic growth with plans for a new government-backed body to invest in the electricity grid.

The proposals to set up Great British Grid, first revealed by the Guardian, build on the party’s manifesto pledge to create Great British Energy, a state-owned company to invest in renewables.

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Source: Guardian Money