Industry: Competition and Energy
The question
To ask the Secretary of State for Energy Security and Net Zero, what assessment he has made of the impact of decarbonisation policy costs on (a) industrial energy prices and (b) the international competitiveness of UK industry.
Answered by Katie White
The only sustainable way to cut energy bills is to reduce the UK’s exposure to volatile fossil fuel markets. Clean Power by 2030 will help do that. 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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