Energy Prices: Energy-intensive Industries

Sarah Coombes Excerpts

Thursday 1st May 2025 Commons Chamber

[Sarah Jones]

I can give the hon. Gentleman reassurance that we are looking at all options to support the steel industry, which is foundational to our country. He makes the correct points about how important steel is to building our future, whether it be runways, homes or other infra- structure. We are looking at all options, and we have the steel plan, which will be coming out soon, and the £2.5 billion earmarked to support the steel industry.

[Sarah Coombes (West Bromwich) (Lab)]

My constituency has many brilliant metal manufacturing companies that supply critical UK industries in defence, automotive and construction. However, many of them are struggling because the last Government left us with sky-high electricity prices and a dependence on foreign gas imports. Last month, I launched Make UK’s new “Electrify Industry” initiative in Parliament, which seeks to address this broad challenge. Can the Minister set out how the clean power 2030 action plan will make industrial energy costs cheaper and help us drive growth in the west midlands manufacturing industry?

[Sarah Jones]

I thank my hon. Friend for her championing of her constituency. I am still to visit, and I must do that, because I know she has many exciting places for me to see. Electrifying industry is crucial. The Climate Change Committee has said that that is the route and that 61% of industry will need to be electrified. We need to make sure we do that. We are looking through the spending review process, as I am sure she would expect, at how we can support industries to make that change to electric and how we can help with some of the capital costs, which will lead to lower costs in the longer term. Making that leap can be difficult, and that is what we are looking at through the spending review.