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Iron and Steel: Energy

Department for Business, Energy and Industrial Strategy written question – answered on 15th January 2020.

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Photo of Jessica Morden Jessica Morden Opposition Whip (Commons)

To ask the Secretary of State for Business, Energy and Industrial Strategy, whether it remains her policy to deliver the lowest energy costs in Europe to reduce the disparity between the UK and EU in industrial electricity cost for the steel sector.

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

The Government is reducing the cumulative impact of energy and climate change policies on industrial electricity prices for energy intensive industries, including the steel sector. This includes over £300m of compensation to the steel sector since 2013.

We are committed to minimising energy costs for businesses to ensure our economy remains strong and competitive, such as through the £315m Industrial Energy Transformation Fund and our provision of electricity cost compensation and exemption.

Does this answer the above question?

Yes1 person thinks so

No0 people think not

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