A consultation has been launched setting out proposals for a single national public energy company for Wales, which would bring together existing energy organisations. The company has been proposed with the aim of reaping more of the economic benefits from Wales’s energy resources – giving locals the rewards earned from their surrounding infrastructure.
Wales has some of the best renewable energy resources in Europe, according to the Welsh government. The proposed company would aim to increase Welsh ownership of these but it will not directly replace existing energy suppliers or set household energy prices.
Cabinet Minister for Enterprise, Connectivity and Energy Adam Price said: “Wales has huge potential to generate clean energy from our natural resources.
“We want to make sure the benefits of that energy are felt by people and communities across Wales, both in jobs and growth but eventually in lower bills too. Wales is on the verge of a second (or another) energy revolution and this time we want to make sure we keep more of the benefits here.
“This consultation is about how we can build a stronger Welsh energy sector, support local ownership and create lasting value for future generations. It’s about cheaper, cleaner energy that is made and owned in Wales. We want to hear from people, communities, businesses and organisations across Wales about how this company should work and what it should deliver.”
In the meantime, the Welsh Government said it is also using “every tool available” to help households cope with rising energy bills.
The consultation is open until 30 November 2026. People can take part online through the Welsh Government website.
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