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Iron and Steel: Manufacturing Industries

Department for Business, Energy and Industrial Strategy written question – answered on 31st October 2019.

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Photo of Jessica Morden Jessica Morden Opposition Whip (Commons), Chair, Statutory Instruments (Joint Committee), Chair, Statutory Instruments (Select Committee)

To ask the Secretary of State for Business, Energy and Industrial Strategy, what plans she has to reduce electricity costs for the steel sector.

Photo of Nadhim Zahawi Nadhim Zahawi Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy)

Holding answer received on 28 October 2019

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.

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