Energy: Industry
The question
To ask the Secretary of State for Energy Security and Net Zero, what recent discussions he has had with representatives of UK Steel on aligning the UK's industrial power prices with those of competitor economies.
Answered by Chris McDonald
Details of Ministers' meetings with external individuals and organisations are published quarterly in arrears on GOV.UK.
The Government believes that our mission to deliver clean power by 2030 is the best way to break our dependence on global fossil fuel markets and protect billpayers permanently. The creation of Great British Energy will help us to harness clean energy with less reliance on volatile international energy markets and help in our commitment to make Britain a clean energy superpower by 2030.
As part of our Clean Energy Industries Plan, we have announced that from 2027 a new British Industrial Competitiveness Scheme will reduce electricity costs by £35-40/MWh up to 2030. Thousands of businesses will see their electricity costs drop by around 20-25% under a new exemption scheme, bringing their costs more closely in line with European competitors.
Verbatim has judged this answer against the question that was actually asked — answered, partly answered, or evaded. Sign in to see the verdict →