Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps he is taking to reduce industrial energy costs for UK steel producers.
The Government has helped steel companies to reduce their costs through resource and energy efficiency, including through a package of compensation and exemptions from electricity costs, and has provided more than £560 million in support to the UK steel industry since 2013.
In?addition, we have established an Industrial Energy Transformation Fund,?backed by up to?£315 million?of investment. This Fund will help businesses, including steel companies, with high energy use in order to cut their bills and transition the UK’s industry to a low carbon future.