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Great British Energy Act 2025

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Explanatory Notes

Explanatory Notes

Text created by the government department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Public Acts except Appropriation, Consolidated Fund, Finance and Consolidation Acts.
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Great British Energy is a company under the Companies Act 2006 (c.46) and is wholly owned by the Secretary of State. The establishment of the company relies on the common law capacity of the Crown to form and support companies.
As a registered company, Great British Energy will be bound by the Companies Act 2006. This Act complements provisions in that Act (for example on reporting) and may in some cases overlay or modify the company’s obligations (see for example sections 3(1), 5(8) and 6 as described below).