Manufacturing Industries: Buckingham and Bletchley
The question
To ask the Secretary of State for Business and Trade, what assessment he has made of the potential impact of electricity cost reductions on the competitiveness of manufacturers located in the Buckingham and Bletchley constituency.
Answered by Chris McDonald
The British Industry Supercharger is already supporting the competitiveness of around 550 of the most electricity and trade-intensive firms across Great Britain, including in Buckingham and Bletchley, by reducing electricity costs by on average approximately £65 – £87 per megawatt hour.
From 2027 the British Industrial Competitiveness Scheme will reduce electricity costs by up to £40 per megawatt hour for over 10,000 eligible manufacturing businesses. This will help bring electricity costs more in line with other European economies and help support investment and economic growth across Great Britain including in Buckingham and Bletchley.
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