Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, Pursuant to the Answer of 25 January 2023 to Question 127746 on Iron and Steel: Energy, if he will estimate how much on average the new Energy Bills Discount Scheme will save steel producers.

The Energy Bills Discount Scheme (EBDS) will follow on from the Energy Bills Relief Scheme. It will come into force from 1 April 2023 and will continue until 31 March 2024. This provides energy intensive industries, such as steel, with support above a threshold price of £185/MWh for electricity and £99/MWh for gas, up to a maximum of £89/MWh and £40/MWh respectively on the first 70% of energy usage. The remaining 30% of usage will receive a lower amount of support if prices rise above the threshold for the universal level of support. This is in addition to over £800m in energy relief Government has provided the steel sector since 2013.