Energy: Prices
The question
To ask the Secretary of State for Energy Security and Net Zero, what steps he is taking to help reduce energy prices for energy intensive industries.
Answered by Sarah Jones
This Government recognises high energy prices are a key challenge for UK businesses. Our Clean Power 2030 target is the key to long-term sustainable price reductions. Our mission is for clean power by 2030 because clean, homegrown energy is the best way to protect billpayers and boost Britain's energy independence. This Government is also already bringing energy costs for UK industries closer in line with other major economies through the British Industry Supercharger. This fully exempts eligible firms from certain costs linked to renewable energy policies, particularly those exposed to the high cost of electricity.
UK businesses using more electricity and less fossil fuels is the future. The latest advice from the Climate Change Committee expects electricity to meet 61% of industrial energy demand by 2040. My department is developing options to enable them to do that.
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