A PUBLICLY owned energy company would benefit families by up to £122 billion — £4,400 per household — over the next two years, a TUC study has found.

The trade union organisation said that such a company — which already exists in France, Germany and Sweden — would be dedicated to serving the public instead of fat-cat chief executives and shareholders.

A blueprint to establish such a company in Britain to “accelerate decarbonisation, create quality green jobs, and share the benefits of the climate transition with the population” has been published by the TUC.