The Welsh government is seeking public feedback on proposals for a new renewable energy company, which would develop and own wind and solar plants while supporting local community ownership. The Plaid Cymru-led administration aims to reduce energy costs over time by creating a unified entity that combines existing Welsh energy initiatives, such as Trydan Gwyrdd Cymru (TGC) and Ynni Cymru. The consultation document clarifies that the company would not replace existing energy suppliers or directly set household electricity prices. Enterprise Minister Adam Price emphasized the goal of an energy system that is 'clean, cheap and owned by us.'

The proposed company would operate separately from Great British Energy, the UK government's renewable energy initiative. TGC is currently working on projects like proposed wind farms at Carreg Wen and Glyn Cothi. The consultation asks whether TGC should form the basis of the new company and whether it should retain its name or be renamed Ynni Cymru. It also explores the possibility of the company taking stakes in larger projects, including offshore wind, marine energy, and nuclear.

The consultation includes plans for a Welsh Energy Wealth Fund to support vulnerable communities and areas affected by energy projects. Price highlighted the need to avoid repeating past mistakes with coal, ensuring that the benefits of renewable energy are shared with the public. He noted that while many energy decisions are made at the UK level, a public energy company could help lower prices through agreements with local large energy users.

Opposition parties have criticized the proposal. Welsh Labour's energy spokesperson, Vikki Howells, stated that the consultation appears to revisit ground already covered, noting that Wales already has publicly-owned clean energy companies. Janet Finch-Saunders of the Welsh Conservatives argued that the government's focus on state-owned companies and wind turbines overlooks the need for cheap, reliable energy to sustain manufacturing jobs. Jason O'Connell, shadow cabinet minister for economy and transport, criticized the plan for not addressing high energy bills, suggesting that better grid connectivity and infrastructure are needed to harness Wales' energy potential.

Plaid Cymru's energy policy during the 2026 election campaign included a promise to ensure renewable energy projects offer local communities a share of profits. The party faced criticism from Labour for opposing green energy infrastructure, such as pylons, and for advocating undergrounding and the use of wooden poles where necessary. The consultation reflects ongoing debates about the role of public ownership in renewable energy development and its potential impact on energy costs and community benefits.