Energy: Prices
The question
To ask the Secretary of State for Energy Security and Net Zero, what assessment he has made of the potential impact of industrial energy costs on the competitiveness of high street businesses and the wider retail, hospitality and leisure sectors.
Answered by Chris McDonald
The Government recognises that businesses are under pressure from high energy costs. Recent instability in the Middle East has shown how global events can push up prices here at home. Through Clean Power by 2030, we are investing in clean, homegrown power to strengthen energy security and bring bills down for good. We are also supporting hospitality businesses directly through the Zero Carbon Services trial, which helped over 600 SMEs cut energy use, with projected savings of over £3 million a year.
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