Asked by: Rachel Maclean (Conservative - Redditch)
Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, what recent assessment his Department has made of the potential impact of energy prices on the international competitiveness of British energy intensive manufacturing businesses.
Answered by Graham Stuart
Quantitative and qualitative sector level assessment has been carried out as part of a review of the Compensation Scheme for Energy Intensive Industries (EIIs). Among the outcomes of this assessment was an extension of this scheme for the indirect costs of the UK Emissions Trading System and Carbon Price Support Mechanism for 3 years, with an increased level of aid intensity. This represents more than double the current budget to support EIIs. Additionally, EIIs are eligible for support under the Government’s current Energy Bill Relief Scheme.