Oral Answers to Questions
Debate between Margot James and Nic Dakin
Margot James (Stourbridge) (Con)
5. What assessment he has made of the effect of energy policies on energy-intensive industries.
Nic Dakin (Scunthorpe) (Lab)
8. What steps he has taken to support energy-intensive industries.
The Minister of State, Department for Business, Innovation and Skills (Michael Fallon)
We recognise the competitiveness concerns of electricity-intensive industries, which is why the recent Budget included new compensation for the costs of the renewables obligation and feed-in tariffs, and capped the carbon price support mechanism. We are also providing compensation for the costs of the European Union emissions trading scheme, and to date we have paid out £31 million to 53 companies.