Labour Party 2024 manifesto's pledge

Set up Great British Energy, a publicly-owned clean power company, to cut bills for good and boost energy security, paid for by a windfall tax on oil and gas giants.

Made in Labour's 2024 general election manifesto, before the election that formed the 2024 to 2026 Starmer Labour government.

Made 2024-06-13 · Where it was made · archived copy · Speaker's own words, quoted

What the official figures show

Funding for Great British Energy and Great British Energy - Nuclear, Spending Review 2025 period (latest)

£8.3bn

2026-10-23 · HM Treasury, Spending Review 2025 · receipt

Share of UK electricity generation from low carbon sources (nuclear and renewables), April to June 2026 (latest)

68.5%

2026-10-23 · Department for Energy Security and Net Zero, Energy Trends · receipt

Share of UK electricity generation from renewables, April to June 2026 (latest)

55.8%

2026-10-23 · Department for Energy Security and Net Zero, Energy Trends · receipt

These figures are repeated from their sources and update automatically. We don't say whether the pledge has been kept.