Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what steps her Department is planning to introduce by the end of the Parliament to reduce industrial electricity prices.

The government has announced new measures to support Britain’s strategic Energy Intensive Industries (EIIs) with high electricity prices. The British Industry Supercharger aims to remove policy costs to reduce the long-term industrial electricity price gap between the UK and competitor countries. Proposals will exempt firms from costs arising from renewable energy obligations and GB Capacity Market costs. It will also offer support with network charges, for which an amendment has been introduced to the Energy Bill. We will consult on the capacity market exemption shortly and intend to bring forward secondary legislation on all three measures within this Parliament.