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Ah, we're talking about different things. I'd imagine most of that £100bn is going to be going on buying the energy and will be needed regardless of who owns the energy retailers.
I'm not saying nationalising them is necessarily a bad idea but it's not going to fix the current underlying issue and the need for a subsidy.
aggi
Yes. Nationalising the big five energy retailers would cost 2.85 billion. Admittedly according to the TUC, but they won't be a billion miles away. Even if it's 10 times that, it's still less than the six-month sticking plaster Starmer's proposed (which has, unsurprisingly, already been outflanked on the left by the Tories).
E2a: that 100 billion subsidised revenue melts away if they're in public ownership. The profits come into the state rather than shareholders. Costed up, I reckon you're looking at a net gain over the long term rather than a cost. A cost that would still benefit the British public way more than us all ploughing loads of our money into energy company shareholders' pockets.