Ed Miliband’s Great British Energy ‘green’ start-up will pay its Chief Executive up to £525,000 a year – more than three times the Prime Minister’s salary. The Telegraph has more.
The vast pay packet was revealed in a new job advert from Mr Miliband’s Energy Department, as officials attempt to sweeten the offer after struggling to find anyone to fill the role.
The eventual candidate will receive a basic wage of £350,000 a year to oversee the clean energy quango, while also receiving a potential bonus worth £175,000 – far outstripping the £172,153 salary paid to Sir Keir.
They will also be allowed to work from home two days a week.
It comes after GB Energy recently appointed Dan McGrail, the former boss of the Renewable UK trade body, as interim chief for six months. Insiders expect him to apply for the permanent post.
The recruitment advert says Mr Miliband is looking for “an inspirational leader with extensive board-level experience who is adept at shaping and delivering strategic vision… with a demonstrable vision for and commitment to making Great British Energy an integral part of the Aberdeen and UK Energy Sector community”.
GB Energy was set up by Mr Miliband shortly after the last election to “own and invest in clean energy projects across the UK”, with the body originally handed a budget of £8.3 billion.
His hope is that the taxpayer funding will act as a ‘catalyst’ for £60 billion in private sector investment, although it has recently been reported that GB Energy’s budget could be cut.
Mr Miliband has also claimed that the quango, which is based in Aberdeen, will generate thousands of jobs and help lower household bills by an average £300 a year.
However, the reality already appears different.
Juergen Maier, GB Energy’s Chairman, warned recently that it could take 20 years to create the 1,000 promised Aberdeen jobs and refused to say when household bills would fall.
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