Burnham to unveil public body to invest in electricity grid

SO YOU KNOW HOW EVERYONE WAS SAYING THE ELECTRICITY GRID WAS ENTIRELY RUN BY THREE PRIVATE COMPANIES, WELL TODAY PRIME MINISTER ANDY BURNHAM IS SETTING UP A WHOLE NEW PUBLIC COMPANY CALLED GREAT BRITISH GRID TO ACTUALLY COMPETE WITH THEM FOR TRANSMISSION PROJECTS, WHICH IS WILD BECAUSE OFGEM SAYS THE ENTIRE NETWORK NEEDS SEVENTY BILLION POUNDS OF INVESTMENT BY 2031 JUST TO HANDLE WIND AND SOLAR FARMS, AND THE THING IS HE WANTS UK ENERGY COSTS LEVEL WITH EUROPE IN TEN YEARS BECAUSE RIGHT NOW THOSE PRIVATE UPGRADE SUBSIDIES ARE ROLLING DIRECTLY ONTO CONSUMER BILLS, SO NOW GB GRID IS GOING TO CO-INVEST ALONGSIDE WAITING BUSINESSES OUT OF GB ENERGY'S EXISTING BUDGET IN ABERDEEN, AND THE CONSERVATIVES ARE ALREADY SHOUTING THAT HE WANTS TO NATIONALISE THE ENTIRE DAMN NETWORK INSTEAD OF LETTING BUSINESSES BID FOR CAPACITY THEMSELVES. ANYWAY, WHAT A TIME TO BE ALIVE.

SO THE OFFICIAL VERSION IS THIS, WHICH IS HONESTLY LIKE TRYING TO FIX A RUNAWAY RESTAURANT TAB BY CREATING A WHOLE NEW CORPORATION TO ORDER THE CHIPS, BECAUSE PRIME MINISTER ANDY BURNHAM IS AT HIS FIRST LABOUR CONFERENCE IN LIVERPOOL PROMISING A NEW BODY CALLED GREAT BRITISH GRID TO TACKLE A CRIPPLING ENERGY COST CRISIS, AND THE THING IS THE NATIONAL AUDIT OFFICE FOUND OUT CONNECTION QUEUES FOR PROJECTS ARE SKYROCKETING WITH MASSIVE DELAYS, WHICH MEANS GB GRID WANTS TO STEP IN AND CO-INVEST WITH PRIVATE FIRMS USING EXISTING CASH SITTING IN ABERDEEN AT GB ENERGY, BUT CONSERVATIVE SHADOW ENERGY SECRETARY ANDREW BOWIE CLAIMS BURNHAM IS JUST TRYING TO NATIONALISE THE ENTIRE NETWORK INSTEAD OF LETTING COMPANIES BUILD GAS POWER AND BID UNDER THEIR CHEAP POWER PLAN. ANYWAY THAT IS ENOUGH NEWS FOR ONE NIGHT.

Prime Minister Andy Burnham will announce a new publicly owned body, Great British Grid, to invest in transmission projects and speed up electricity connections.

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