You are reading a single comment by @GeneralStrike and its replies.
Click here to read the full conversation.
-
Perversely, according to estimates I read the cost of nationalising gas would be a lot less that the 29bn Labour plan - by a ridiculous degree.
Edit as @greentricky points out, I've conflated the estimated cost to nationalise the Big 5 Energy companies with the cost of Labour's gas price freeze proposal.
GeneralStrike
greentricky
Yep, they would need to compensate the companies who currently own those licenses. It's certainly possible. Labour are planning on giving those same companies ~£29 billion in order to set the price cap at current levels. How much more to buy back the licenses?
The expertise would be a lot of the same people and service providers already working for those current companies. They would just be taken on by UK Gas co.
And as for the UK's reputation ... well, not sure that is such a huge issue anymore.
I guess I'm just saying it's still possible.