<ul><li>A thinktank has urged UK ministers to nationalize gas power plants to boost energy security and prevent owners from holding the electricity market 'to ransom'.</li><li>The thinktank, Common Wealth, suggests that nationalization could prevent owners from demanding high fees to run the plants when renewable energy is in short supply.</li><li>Privately owned gas-fired power plants exploit a unique market power position, according to the thinktank, and British households are effectively transferring their wealth to private equity funds and foreign governments.</li><li>Common Wealth also calls on the government to create a strategic reserve of gas power stations to act as a last resort during high electricity demand, while the UK shifts towards clean power by 2030.</li></ul>

Nationalise gas power plants to boost energy security, thinktank urges UK ministers

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