The plan by the Labour Party to nationalise the largest energy suppliers will be officially adopted following a conference vote, alongside a commitment to a carbon net-zero policy.

The companies that would be affected are British Gas, EDF Energy, Eon, Npower, and ScottishPower. Exactly how these would be nationalised has not been disclosed, and with a combined value in the tens of billions, it may be more a matter of an ‘ambition’ than a reality – even given that Labour will form a government.

However, in addition to Ofgem caps and intense completion from newer and small rivals such as OVO (soon to take over SSE), the consumer market has started to look fraught with issues and some of the energy suppliers are seeking to reduce or exit the retail market.

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