Commentary on provisions of Act Section 5: Strategic priorities and plans
Subsection (1) requires the Secretary of State to prepare a statement of strategic priorities for Great British Energy. This statement will provide Great British Energy with a steer on where, in the Government’s view, the company should prioritise and focus its activities
	Subsection (2) requires the first statement to be prepared within six months of Royal Assent, granted on 15 May 2025. Subsection (3) provides for a statement to be revised or replaced by the Secretary of State.
	Subsections (5), (6) and (7) provide that the Secretary of State must not, without the consent of the Scottish Ministers, Welsh Ministers, and Department for the Economy in Northern Ireland, include in a statement of strategic priorities anything which concerns a matter about which would be within the legislative competence of the Scottish Parliament or Senedd Cymru or concerns a matter about which meets the conditions related to Northern Ireland.
	Subsection (8) also requires Great British Energy to secure that its articles of association provide for the company to publish and act in accordance with strategic plans, which must reflect the Secretary of State’s strategic statement; and for Great British Energy to update those plans whenever the Secretary of State’s strategic statement is revised or replaced. The policy intention is that Great British Energy will do so within a reasonable timeframe, taking into consideration the scale of the changes required in response to any updates.