Labour would create a publicly owned energy supplier within the first year of government, Keir Starmer has pledged.
The Labour leader made the commitment in a speech at his party’s conference in Liverpool on Tuesday.
Great British Energy, Starmer indicated, would be modelled on EDF France and would help to cut bills and deliver energy independence.
In July this year, the French Government paid nearly €10bn (£8.5bn) to fully nationalise the company.
“Five million people in Britain pay their bills to an energy company owned by France,” he told the conference.
“So we will set up Great British Energy within the first year of a Labour government.”
Starmer insisted that Britain should “harness” the wealth and share it.
“Great British Energy will be publicly owned,” said the Labour leader.
“The future wealth of this country is in our air, in our seas, in our skies.
“Britain should harness that wealth and share it with all. British power to the British people.”