Chichester News
Tuesday, September 29, 2026
  • News
  • Chichester
  • West Sussex
  • Money
  • Property
  • Travel
  • Business
  • Politics
  • Sport
    • Cricket
    • Football
    • Rugby
    • Running
    • Tennis
  • More
    • Culture
    • Features
    • Council
    • Charity
    • Community
    • Crime
    • Education
    • Health & Public Services
    • Lifestyle
    • Transport
No Result
View All Result
  • News
  • Chichester
  • West Sussex
  • Money
  • Property
  • Travel
  • Business
  • Politics
  • Sport
    • Cricket
    • Football
    • Rugby
    • Running
    • Tennis
  • More
    • Culture
    • Features
    • Council
    • Charity
    • Community
    • Crime
    • Education
    • Health & Public Services
    • Lifestyle
    • Transport
No Result
View All Result
Chichester News
No Result
View All Result
Home Business

Prime Minister Andy Burnham unveils state-owned Great British Grid

Ben Luke by Ben Luke
September 29, 2026
in Business
Reading Time: 2 mins read
0 0
0
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

Prime Minister Andy Burnham will unveil a new publicly owned body called Great British Grid (GB Grid) on Tuesday, marking the first direct state entry into electricity network management since the privatizations of the 1980s. The announcement, scheduled during his first Labour Party conference speech as leader in Liverpool, seeks to dismantle the infrastructure bottlenecks that have delayed major energy projects for years.

Operating as a subsidiary under the Great British Energy umbrella, GB Grid will utilize the parent organization’s existing budget rather than seeking fresh taxpayer funding. The body is designed to compete directly with established private sector firms, such as National Grid, for transmission connection projects. This strategic intervention is intended to accelerate the expansion of the UK’s energy capacity, which Burnham is expected to frame as a necessary reversal of four decades of neoliberal energy policy.

RELATED POSTS

How to Save a £17,000 Deposit for Your First Home

John Healey pledges ‘new age of industrialisation’ with UK-only shipbuilding contracts

Abstract industrial transmission towers and electrical lines against a dark sky.
GB Grid will compete with private providers to manage critical transmission connection projects.

Breaking the Connection Deadlock

A central component of the GB Grid proposal is the introduction of “self-build” rights for businesses. Under this provision, companies currently waiting in connection queues—some of which face delays of a decade or more—will be permitted to construct their own connection infrastructure. GB Grid will offer the option of state co-investment to support these private projects, effectively allowing businesses to bypass network operator backlogs.

The move addresses a primary complaint from industry leaders regarding the slow pace of grid upgrades. By providing a public alternative to private transmission providers, the government aims to create a competitive environment that prioritizes speed and regional economic development over shareholder returns.

The 10-Year Energy Cost Target

The creation of GB Grid is a pillar of a broader 10-year strategy to bring UK energy costs in line with European averages. Currently, UK businesses and households often pay higher premiums for electricity than their continental counterparts, a gap the Prime Minister intends to close through structural reform of the market logic.

While the focus of Tuesday’s speech is centered on infrastructure and industrial strategy, it arrives amid a wider debate over the government’s fiscal priorities. Senior ministers have recently refused to rule out a review of the pensions triple lock, a move reportedly under consideration to free up funding for a proposed national care service. This has led to speculation that the “honest conversation” Burnham intends to lead at the conference will extend beyond energy into a more fundamental reappraisal of state spending.

The establishment of GB Grid represents the most significant shift in UK energy ownership in a generation. By integrating state-owned transmission assets with the existing renewable energy generation goals of Great British Energy, the administration is attempting to create a vertically integrated public energy presence capable of dictating the pace of the net-zero transition.

ShareTweetSendShare
Ben Luke

Ben Luke

Ben Luke is an acclaimed author, renowned art critic, and experienced journalist. He specializes in contemporary art, culture, and obscure historical narratives.

Related Posts

A small white house model resting on stacks of gold coins representing savings.

How to Save a £17,000 Deposit for Your First Home

by Ben Luke
September 28, 2026

Learn how to reach a £17,000 deposit for a first home using the 2026 Your First Home scheme, Lifetime ISAs,...

A conceptual illustration of a shipyard with large cranes.

John Healey pledges ‘new age of industrialisation’ with UK-only shipbuilding contracts

by Carl Eldridge
September 28, 2026

The government has announced major maritime projects, including new floating docks at HMNB Clyde and a £115m research vessel, reserved...

Conceptual view of a modern industrial shipyard and crane infrastructure.

John Healey to unveil UK-only naval procurement and £115m research vessel

by Ben Luke
September 28, 2026

Chancellor John Healey announces Programme Euston at the 2026 Labour conference, detailing UK-only naval dock bidding and a new £115m...

A conceptual illustration of a geothermal lithium extraction facility in a rural setting.

UK battery supply chain bolstered by £53m investment in Cornish lithium extraction

by Carl Eldridge
September 27, 2026

A new lithium facility in Cornwall, backed by £53m in combined investment, aims to supply minerals for 180,000 electric vehicles...

An iced coffee cup sitting on a conference room table next to a notebook.

Recruiter Caitlin Wehniainen Flags Iced Coffee as Professional Interview Breach

by Ben Luke
September 27, 2026

Corporate recruiter Caitlin Wehniainen and etiquette experts explain why bringing a takeout coffee to a job interview may signal a...

RECOMMENDED

No Content Available

MOST VIEWED

  • A conceptual illustration of a theatre stage with golden lighting.

    Alan Finch CBE: Former Chichester Festival Theatre director dies aged 61

    0 shares
    Share 0 Tweet 0
  • Come on you Gunners! Chichester crew full of pride after gruelling field gun event

    0 shares
    Share 0 Tweet 0
  • Chichester council outlines Pinewood House temporary accommodation plan

    0 shares
    Share 0 Tweet 0
  • West Sussex residents urged to respond on council reorganisation plans

    0 shares
    Share 0 Tweet 0
  • Poetry in motion…Chichester schoolgirl Abi Turner thrilled to read her work at London event

    0 shares
    Share 0 Tweet 0
Chichester News

© Chichester News. All Rights Reserved.

Important Links

  • Privacy Policy
  • About
  • Contact
  • Advertise
  • DMCA
  • Terms and Conditions
  • Cookie Policy
  • Corrections Policy
  • Ethics Policy
  • Fact-checking Policy

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • About
  • Advertise
  • Contact
  • Cookie Policy
  • Corrections Policy
  • DMCA Compliance
  • Editorial Policy
  • Ethics Policy
  • Fact-checking Policy
  • Home 1
  • Jobs
  • Ownership & Funding Information
  • Privacy Policy
  • Register Your Business
  • Terms and Conditions
  • What’s On
  • What’s On

© Chichester News. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.