Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment she has made of the implications for her policies of the recommendation to align UK industrial electricity prices with such prices in Germany and France in the report entitled The Energy Price Gap, published by UK Steel in October 2019.
We are looking carefully at the analysis in the UK Steel report. The Government is committed to minimising energy costs for businesses to ensure our economy remains strong and competitive. Our policies include providing electricity cost compensation and exemption support to maintain the UK’s reputation as an attractive location for energy intensive industries including steel. The £315 million Industrial Energy Transformation Fund will also support businesses with high energy use to cut their bills and emissions.