People across Wales are being asked to help shape plans for a new public energy company which could see more of the money generated from Wales’s renewable energy resources staying in Wales.

The Welsh Government has launched a consultation on proposals for a single national public energy company, bringing together existing publicly owned energy organisations.

The aim is to increase Welsh ownership of energy projects and ensure more of the economic benefits from Wales’s abundant renewable resources reach communities, businesses and public services.

Wales has some of the best renewable energy resources in Europe, but ministers say more needs to be done to ensure the country benefits financially from the energy it produces.

The proposed company would not replace existing energy suppliers or directly set household energy prices.

However, the Welsh Government says greater Welsh ownership of energy projects could help bring down energy costs over the longer term, while allowing more money to be reinvested in communities and public services.

Cabinet Minister for Enterprise, Connectivity and Energy, Adam Price, said Wales was on the verge of another energy revolution.

He said: “We want to make sure that the benefits of that energy are felt by people and communities across Wales, both in jobs and growth but eventually in lower bills too.

“This consultation is about how we can build a stronger Welsh energy sector, support local ownership and create lasting value for future generations.

“It’s about cheaper, cleaner energy that is made and owned in Wales.”

The Welsh Government says it is also continuing to provide immediate support for households struggling with energy costs.

More than £37 million is being invested this year in the Nest scheme, which helps low-income households tackle cold and damp homes through energy efficiency improvements.

Support is also available through fuel vouchers and heating assistance.

The Claim What’s Yours service can help people check whether they are entitled to additional income, while the Nest advice line offers guidance on reducing energy costs and assessing eligibility for free energy efficiency measures.

The consultation is open until 30 November 2026, with people, communities, businesses and organisations across Wales being encouraged to have their say on how the proposed company should operate and what it should deliver.