Industry: Trade Competitiveness

(asked on 1st July 2025) - View Source

Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what his planned timetable is for the consultation on the British industrial competitiveness scheme.


Answered by
Sarah Jones Portrait
Sarah Jones
Minister of State (Department for Energy Security and Net Zero)
This question was answered on 7th July 2025

From 2027, the new British Industrial Competitiveness Scheme (BICS) will reduce electricity costs by c.£35-40/MWh for thousands of eligible businesses. These firms will be exempt from paying levies on the Renewables Obligation, Feed-in Tariffs and the Capacity Market.

We announced that we would consult on eligibility and design of the scheme. We recognise the need to work quickly and we will publish the consultation and Terms of Reference as soon as we can. We have committed to ensure that the scheme is ready to launch in 2027.

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