October 12 (Renewables Now) - Scotland will establish a publicly-owned, not-for-profit company by the end of the current parliamentary term in 2021 to provide locally-generated renewable energy to customers “as close to cost price as possible”.
This was announced by First Minister Nicola Sturgeon at the Scottish National Party’s conference on Tuesday. The move would provide customers, particularly those on low incomes, with “the option of a supplier whose only job is to secure the lowest price”, she said.
More information on the plan will be available when the new energy strategy is published later this year.
On the following day, UK energy regulator Ofgem’s head Dermot Nolan told BBC Radio Scotland that the needed licence for this planned new company could be granted within months, and that Ofgem will try to facilitate the application.