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Labour Pushes State-Owned Grid to Cut UK Energy Costs

Prime Minister Andy Burnham sets out a ten-year plan to bring bills in line with Europe, but households still need practical steps right now.

29 September 2026 ยท Oliver Hartnell ยท Fuse Energy

A New State-Owned Operator

Prime Minister Andy Burnham used his Labour conference speech to announce the Great British grid, a proposed state-owned electricity network operator that would sit under Great British Energy. The aim is to speed up renewable connections, cut waste such as wind curtailment and bring UK electricity prices in line with the EU average within ten years.

Current Price Gap

UK electricity prices sat roughly 26% above the EU average in the second half of 2025. The plan targets that gap by streamlining grid upgrades and boosting competition, with the stated goal of supporting reindustrialisation across the country. It remains a proposal rather than enacted policy, so any bill reductions would unfold over the full decade.

What It Means for Households

For most homes the change would be gradual. Faster renewable links could eventually ease pressure on wholesale costs, yet day-to-day bills still depend on the supplier you choose today. We can help you compare live deals and switch in minutes at our energy hub. Fuse Energy already offers transparent pricing and real-time usage data through its app, giving customers immediate control while the longer-term grid reforms take shape.

Distinction from National Grid

The new body would be separate from the existing National Grid, which runs the high-voltage transmission network. Bringing the distribution operator under public ownership is intended to remove some of the current inefficiencies, though the timeline and exact powers are still to be set out in legislation.

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