UK Prime Minister Andy Burnham announces publicly owned Great British Grid to cut energy costs

Prime Minister Andy Burnham is set to announce the creation of a new publicly owned body, the Great British Grid, in his first conference speech as Labour leader on Tuesday. The announcement, made at the Labour Party conference in Liverpool, aims to reduce UK energy costs to match European levels within a decade. The new body will invest in and compete for transmission connection projects alongside private companies, with the goal of increasing competition and speeding up grid connections for businesses. Funding will come from the existing budget of Great British Energy, the public green investment company. The move is part of Burnham's broader ambition to provide greater public control of utilities.