Iron and Steel: Energy

Department for Business, Energy and Industrial Strategy written question – answered on 15th November 2022.

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Photo of Jessica Morden Jessica Morden Chair, Statutory Instruments (Joint Committee), Chair, Statutory Instruments (Select Committee), Chair, Statutory Instruments (Joint Committee), Chair, Statutory Instruments (Select Committee), Shadow Vice Chamberlain of HM Household (Whip), Shadow Deputy Leader of the House of Commons

To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will make it his Department's policy to support measures to reduce electricity prices for the steel sector beyond the six-month energy price cap announced in October.

Photo of Nusrat Ghani Nusrat Ghani The Minister of State, Department for Business, Energy and Industrial Strategy

The Government recognises that businesses are feeling the impact of high global energy prices, particularly steel producers. I am pleased that steel companies will benefit from the Energy Bill Relief Scheme over a six-month period. The Government will publish a review into the operation of the scheme by the end of the year to inform decisions on future support after March 2023.

This scheme is in addition to extensive support we have provided to the steel sector to help with energy costs, worth more than £800 million since 2013.

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