This article appears as part of the Winds of Change newsletter.

There are so many details still to be thrashed out, such as the much-discussed question of where those headquarters are going to be.

The shortlist, it has been claimed, is Aberdeen (the industry hot favourite), Edinburgh or Glasgow, though just last week Dumfries and Galloway was touting Chapelcross as a possible option.

While location, location, location matters, also what is key with Great British Energy is investment, investment, investment, and strategy, strategy, strategy. It’s become a running joke that this £8.3 billion-funded body is going to solve everything from bringing down bills to becoming a clean energy superpower. One post on X quipped this week that perhaps it will stop the riots as well.

We know, for instance, that Keir Starmer has promised to bring down energy bills by £300 a year by 2030 – and, according to a recent survey by the think tank Common Wealth, 36% of the public are now expecting that will happen. Common Wealth argues that, therefore, this should be an immediate priority for GB Energy which should include a customer-facing retail arm.

From the text of the Great British Energy Bill, we also know that this national company is going to involve “the production, distribution, storage and supply of clean energy”; “the reduction of greenhouse gas emissions from energy produced from 15 fossil fuels”; “improvements in energy efficiency” and “measures for ensuring the security of the supply of energy”.

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