Energy Intensive Industries: Government Assistance
The question
To ask the Secretary of State for Business and Trade, what steps he is planning to take to (a) monitor and (b) evaluate the effectiveness of the 90% compensation rate in supporting (i) decarbonisation and (ii) energy efficiency in energy intensive industries.
Answered by Chris McDonald
The Government consulted a wide range of stakeholders from across the energy industry on the proposal to uplift the level of relief offered by the Network Charging Compensation Scheme from 60% to 90%. Industry stakeholders were broadly in favour of this measure as a supportive means during their decarbonisation transition by encouraging electrification through reducing industrial electricity prices. The Government will continue to engage with stakeholders and recipients to assess the effectiveness of this support and to inform potential targeted, proportionate and effective support in future.
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