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Burnham to unveil public body to invest in electricity grid

The prime minister will say he wants to reduce energy costs in his first conference speech as Labour leader.

BBC Business•

Andy Burnham is expected to announce a new government body to invest in Britain's electricity grid in his first party conference speech as Labour leader on Tuesday.

The prime minister will tell party activists in Liverpool that the new publicly owned company, branded Great British Grid, will speed up grid hook-ups by driving up competition for connection projects.

He is expected to put the proposals at the heart of a new goal to bring UK energy costs in line with other nations in Europe within ten years.

But in a report earlier this month, the National Audit Office warned that the number of projects waiting to connect to the grid had grown "significantly" whilst delays to projects were also increasing.