Department for Business and Trade written question – answered at on 27 April 2026.
Alex Baker
Labour, Aldershot
To ask the Secretary of State for Business and Trade, what steps his Department is taking to reduce industrial energy Bills.
Chris McDonald
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero), Parliamentary Under Secretary of State (Department for Business and Trade)
Our modern Industrial Strategy will make British industrial electricity costs cheaper. From 2027, the British Industrial Competitiveness Scheme will reduce electricity costs by up to £40 per megawatt hour (MWh) for over 10,000 manufacturing businesses in Industrial Strategy growth sectors and their foundational supply chains. The Government has also announced an additional payment for eligible businesses in 2027 to cover the 2026/27 period.
In addition to this, the British Industry Supercharger reduces electricity costs for eligible energy-intensive businesses by c.£65 – £87/MWh by exempting them from certain policy costs and offering 90% compensation for network charges through the Network Charging Compensation scheme.
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