In what was dubbed ‘another step forward for the government’s Plan for Change’, Energy Secretary, Ed Milliband (pictured), announced the first major project for Great British Energy – ‘a company owned by the British people, for the British people’, which will immediately begin working with schools, the NHS, and devolved governments, ‘to install solar panels, build local clean power, and bring down energy bills’.
The Department for Energy Security and Net Zero explains that in England around £80 million in funding will support around 200 schools, alongside £100 million for nearly 200 NHS sites, covering a third of NHS Trusts, to install rooftop solar panels, with the potential to sell ‘left over’ energy back to the grid. The first panels are expected to be in schools and hospitals by the end of this summer
The Department acknowledges that schools and hospitals have been ‘hit with rocketing energy bills in recent years, costing taxpayers millions of pounds, and eating into school budgets’. It also points out that the NHS is the single biggest public sector energy user, with an estimated annual energy bill of £1.4 billion, which has ‘more than doubled’ since 2019.
Great British Energy’s first investment could – the Department for Energy Security and Net Zero, says – ‘see millions invested back into frontline services, targeting deprived areas, with lifetime savings for schools and the NHS of up to £400 million over around 30 years’.
It said: “Estimates suggest that on average, a typical school could save up to £25,000 per year, whilst the average NHS site could save up to £45,000 on its annual energy bill if it had solar panels with complementary technologies installed such as batteries.
“In addition, local authorities and community energy groups will also be supported by nearly £12 million to help build local clean energy projects – from community-led onshore wind, to solar on rooftops and hydropower in rivers – that can help drive growth. These could generate profits which could then be reinvested into community projects or take money off people’s bills.”
A further £9.3 million will power schemes in Scotland, Wales, and Northern Ireland, including community energy or rooftop solar for public buildings.
Ed Milliband said: “Right now, money that should be spent on your children’s education or your family’s healthcare is instead being wasted on sky-high energy bills.“Great British Energy’s first major project will be to help our vital public institutions save hundreds of millions on bills to reinvest on the frontline. Great British Energy will provide power for pupils and patients. Parents at the school gate and patients in hospitals will experience the difference Great British Energy can make. This is our clean energy superpower mission in action, with lower bills and energy security for our country.”