SNP's plans for publicly owned energy company backed by power watchdogs
Scottish Government plans to set up a publicly owned energy company to provide cheaper power are being supported by regulators Ofgem.
The watchdogs’ chief executive Dermot Nolan said they would “welcome any form of potential new entry” into the energy market.
He told BBC Radio Scotland the process of granting a licence to the new company could probably be completed within months, adding: “We would try to facilitate any licence application.”
While he stressed that any new power firm would “need to satisfy their customers and provide a high-quality level of service”, Nolan said: “I think... read more
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