"Keir Starmer has appointed the outspoken founder of Octopus Energy as an adviser, with a remit to challenge government thinking. Greg Jackson has joined the Cabinet Office board, an influential core of government advisers, as a non-executive member. The announcement comes weeks after ministers ruled out his plan to split the national energy market into regional zones, which would have meant users in different areas would pay different rates for their electricity."
"Jackson failed to win over ministers after a long and controversial campaign, in part because zonal pricing would have meant higher energy prices in the south-east of England and lower prices in Scotland. He claimed that electricity prices that reflected local supply and demand dynamics would encourage heavy electricity users to relocate to areas that have more renewable energy generation such as Scotland and encourage renewables developers to base their projects closer to where their energy was needed."
Greg Jackson, founder of Octopus Energy, has joined the Cabinet Office board as a non-executive adviser with a remit to challenge government thinking and push modernisation. Ministers recently rejected his proposal to split the national energy market into regional zones that would set different electricity rates by area. Jackson argued zonal pricing would reflect local supply and demand, incentivise heavy users to relocate to regions with abundant renewables and encourage developers to site projects nearer demand. Jackson built Octopus to a £9bn valuation, has maintained strong Labour links, and met the new government multiple times after the election.
Read at www.theguardian.com
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