Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what steps he is taking to help reduce industrial energy costs for businesses in Wales.

The British Industrial Competitiveness Scheme (BICS) is a flagship policy designed to address high industrial electricity costs in manufacturing and boost their global competitiveness and will apply to eligible businesses in Wales. There are separate plans to increase the level of the discount on electricity network charges from 60% to 90% under the Network Charging Compensation Scheme. This will benefit several businesses across Wales who currently receive support through the British Industry Supercharger. The Government has also launched a consultation on Corporate Power Purchase Agreements to help businesses secure more stable electricity for the long term.