State-owned electricity generation firm ‘could save Britons nearly £21bn a year’

Analysis by thinktank Common Wealth bolsters Labour's case to launch national energy company

A publicly owned electricity generation firm could save Britons nearly 21bn a year, according to new analysis that bolsters Labour's case to launch a national energy company if the party gains power.

Thinktank Common Wealth has calculated that the cost of generating electricity to power homes and businesses could be reduced by 20.8bn or 252 per household a year under state ownership, according to a report seen by the Guardian.