To ask the Secretary of State for Business, Energy and Industrial Strategy, what plans she has to reduce electricity costs for the steel sector.
We have taken steps to reduce the cumulative impact of energy and climate change policies on industrial electricity prices for the steel sector and other key energy intensive industries. This includes paying over £300m compensation to the steel sector since 2013.
We have a number of funds available, or in development, that will help energy intensive industries, including steel, to increase energy efficiency and transition to a low carbon future. These funds include the £315 million Industrial Energy Transformation Fund, the Industrial Heat Recovery Support Programme and the recently announced £250 million Clean Steel Fund.