Electricity: Prices
The question
To ask the Secretary of State for Business and Trade, what steps the Government is taking to reduce the cumulative impact of network charges, policy levies and regulatory costs on industrial electricity bills.
Answered by Chris McDonald
The British Industry Supercharger provides relief on renewable energy levies and network charging costs for eligible energy intensive industrial businesses. On 1 April 2026, the Network Charging Compensation Scheme discount, a component of the British Industry Supercharger, was increased from 60% to 90%, reducing network charges for eligible businesses and bringing total electricity bill relief to approximately £65 – £87/MWh. From April 2027 the British Industrial Competitiveness Scheme will exempt eligible manufacturing businesses from the indirect costs of the Renewables Obligation, Feed in Tariff and Capacity Market, reducing electricity costs by up to £40 per megawatt hour.
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