Manufacturing Industries: Energy
The question
To ask the Secretary of State for Business and Trade, what assessment his Department has made of the potential impact of UK energy policy on the competitiveness of the UK manufacturing sector.
Answered by Chris McDonald
This government recognises the importance of reducing energy costs to boost UK manufacturing competitiveness. Under the Modern Industrial Strategy, the British Industrial Competitiveness Scheme will reduce electricity costs by up to £40/MWh for over 7000 manufacturing businesses. We will also increase support for our most energy-intensive industries under the British Industry Supercharger, uplifting the Network Charging Compensation scheme from 60% to 90%.
These measures are supported by the Connections Accelerator Service (to reduce grid connection waiting times for strategically important projects), continued support for the Energy-Intensive Industries Compensation Scheme and support to develop the UK Corporate Power Purchase Agreement market.
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