Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, with reference to the UK’s Modern Industrial Strategy, CP 1337, published on 23 June 2025, what progress he has made on tackling high industrial electricity costs.

Our modern Industrial Strategy will make British industrial electricity costs cheaper with unprecedented new support.

The British Industry Supercharger reduces electricity costs for energy-intensive businesses by c.£24 – £32/MWh, fully exempting them from certain policy costs and offering 60% compensation for Network Costs through the Network Charging Compensation scheme. We have recently consulted on increasing the level of support available through the NCC scheme to 90% compensation, and the Government will respond shortly.

The Government will also continue support for the Energy-Intensive Industries Compensation Scheme to support energy efficiency, decarbonisation, and technological innovation. The scheme offsets 75% of the indirect costs of carbon emissions from the UK Emissions Trading Scheme and the Carbon Price Support Mechanism.

The British Industrial Competitiveness Scheme will be implemented from 2027, reducing electricity costs by approximately £35-40/MWh for eligible manufacturing businesses captured by the Industrial Strategy. A consultation on eligibility for the scheme is planned for later this year.