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Electricity: Prices

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, whether she plans to respond to the recommendations in the report, The Energy Price Gap, published by UK Steel in October 2019 on reducing the difference between the price of industrial electricity in (a) the UK and (b) Germany and France.

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

Holding answer received on 28 October 2019

We are looking carefully at the analysis in the UK Steel report. The Government is committed to minimising energy costs for businesses to ensure our economy remains strong and competitive. Our policies include providing electricity cost compensation and exemption support to maintain the UK’s reputation as an attractive location for energy intensive industries including steel. The £315 million Industrial Energy Transformation Fund will also support businesses with high energy use to cut their bills and emissions.

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