A National Energy Corporation

EDM number 1160 in 2012-13, proposed by Kelvin Hopkins on 07/03/2013.
Categorised under the topics of Companies, Consumers and Energy.

That this House believes that Britain's energy industry should be returned to public ownership; considers that the privatised energy companies, now over 50 per cent foreign-owned, have not served the national interest or consumers well, such that the country now faces a potential energy crisis with a looming energy gap; further believes that the major energy companies have exercised a powerful and malign influence over Government energy policy focusing on large-scale energy production and energy sales to maximise profits rather than investment in energy conservation and renewables; notes the high and rising prices of energy, with increasing fuel poverty for millions of consumers; and is convinced that a publicly-owned and publicly accountable national energy corporation incorporating the grid as an integral component would be best placed to plan for and serve Britain's vital long-term energy needs both in national economic and social terms, with cross-subsidies where necessary and appropriate and any financial surpluses returned to the public purse and providing secure and well paid employment for all energy sector workers.

This motion has been signed by a total of 22 MPs.