Energy Intensive Industries: Buckingham and Bletchley
The question
To ask the Secretary of State for Business and Trade, what assessment his Department has made of the potential impact of reduced electricity costs for employers in Buckingham and Bletchley constituency on employment growth in energy-intensive sectors.
Answered by Chris McDonald
This Government is well aware of the pressures facing our energy intensive industries (EIIs), across the nation, including high electricity prices. Our recent announcement of the uplift of relief offered by the Network Charging Compensation Scheme from 60% to 90% highlights our intent to support UK EIIs in their decarbonisation transition. This support will deliver much needed financial relief allowing businesses, such as those in Buckingham and Bletchley, more financial headroom and the possibility to grow.
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