Energy: Industry
The question
To ask the Secretary of State for Energy Security and Net Zero, whether he has made an assessment of the potential impact of bringing industrial energy prices in line with international competitors on UK manufacturing jobs.
Answered by Chris McDonald
The only way to bring energy bills down sustainably is by reducing Britain’s exposure to volatile fossil fuel markets. Our mission for Clean Power by 2030 will get us off the rollercoaster of fossil fuel prices, to cut bills for businesses and households for good.
In the nearer term, through the British Industry Supercharger (BIS), we are reducing electricity costs for energy‑intensive industries. Since April 2026, the discount on electricity network charges for these firms has increased from 60% to 90%.
The British Industrial Competitiveness Scheme (BICS) will also reduce electricity costs by up to £40/MWh for over 10,000 businesses across the Industrial Strategy’s growth sectors and key manufacturing supply chains.
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