Discussion on the formation of an Energy Company for Wales

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A meeting in Aberystwyth later on today will discuss the idea of creating an energy company for Wales as part of the solution to create a low carbon society.

Mid and West Plaid Cymru Assembly Member Simon Thomas will speak in the event at the Welsh Government offices in Aberystwyth, he will back an idea to establish a national energy company, Ynni Cymru, which will run as a not-for-dividend company at arms-length from the Welsh Government.

Simon Thomas has been campaigning in the Assembly for such a company, asking a series of questions; promoting the idea in debates and meeting with the Cabinet Secretary for the Environment.

Plaid Cymru’s Shadow Cabinet Secretary for Energy, Climate Change and Rural Affairs, Simon Thomas said prior to the meeting:

“Plaid Cymru’s vision for energy and the environment is for a Wales that reduces its carbon emissions, harnesses its natural resources sustainably, and seizes opportunities in the low-carbon and circular economies. The link between energy and climate change is clear.

“One step which the Party of Wales believes the Welsh Government should take now to increase energy generation from renewables is to set up a national energy company, Ynni Cymru. Ynni Cymru will run as a not-for-dividend company at arms-length from Welsh Government.

“A number of actions would fall into the remit of Ynni Cymru, including: reducing the cost per unit of energy to homes and businesses in Wales, reducing the consumption of energy in homes and businesses and helping consumers to make informed decisions based on smart metering technology.

“Ynni Cymru would be tasked with funding the mass installation, outsourced to local companies, of solar panels on the roofs of households, business premises and lampposts in Wales, beginning with public buildings and social housing.”

Mid and West AM Simon Thomas added:

“The company would coordinate and facilitate the use of publicly-owned land for renewable energy purposes.

“It could finance the acquisition and development of new large-scale generating and storage capacity, ensuring Wales becomes self-sufficient in renewable energy and becomes a renewable energy exporter.

“It could boost our energy market by ensuring the development of a national producer cooperative among community energy organisations.”

Further meetings will take place on 29 March at Venue Cymru, Llandudno and 30 March at Jurys Inn, Cardiff.

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