Iron and Steel: Manufacturing Industries

Department for Business, Energy and Industrial Strategy written question – answered on 18th January 2022.

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Photo of Ruth Jones Ruth Jones Shadow Minister (Environment, Food and Rural Affairs)

To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the impact of rising electricity prices on the sustainability of UK steelmakers.

Photo of Lee Rowley Lee Rowley Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy), Government Whip, Lord Commissioner of HM Treasury

We recognise the effect rising energy prices are having on businesses of all sizes and we are regularly engaging with them to discuss impacts and mitigations.

Since 2013, we have provided more than £2 billion in relief to help energy intensive industries with the costs of electricity, with over £600 million for steel. In addition, we have various funds in place to support businesses with high energy use to cut their bills, including the £315 million Industrial Energy Transformation Fund.

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