Department for Business and Trade written question – answered at on 23 March 2026.
Andrew Griffith
Shadow Secretary of State for Business and Trade
To ask the Secretary of State for Business and Trade, what was the total value of the Emission Trading Scheme/Carbon Price Support compensation paid to British Steel during 2024-2025.
Chris McDonald
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero), Parliamentary Under Secretary of State (Department for Business and Trade)
For the last decade, Government has provided compensation to a small number of businesses in the most electricity intensive sectors, including steel, to lower their electricity Bills and help keep them viable in the UK. In the 2024/25 financial year, approximately 140 of the most electricity intensive and trade exposed companies received support worth £142 million. The Department does not publish the details of individual awards given to companies through compensation schemes due to commercial sensitivities.
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