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Wales Opens Consultation on new Public Energy Company

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The Welsh government has launched a consultation for a new public energy company that aims to reduce energy costs by increasing project ownership in the sector, according to a statement on Monday.

"...increasing Welsh ownership of energy projects could help reduce energy costs over time and ensure more money is reinvested in Welsh communities and public services," the statement said.

The company would not replace existing energy suppliers nor set energy prices.

"Wales is on the verge of a second (or another) energy revolution and this time we want to make sure we keep more of the benefits here," said Adam Price, Cabinet Minister for Enterprise, Connectivity and Energy.

The consultation will run through Nov. 30.

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