Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the implications for his policies of the German government's decision to guarantee wholesale electricity prices at €130/MWh for steel producers for all of 2023; and if he will make it his policy to implement a similar measure for the sector in the UK.
HM Treasury is currently conducting a review of the Energy Bill Relief Scheme and evidence from the steel sector is included in that. As part of that review, we are looking at approaches taken in other countries. However, the Government cannot confirm what further support will be available after 31st March 2023 until the end of the review, which will report by the end of the year.