Energy: Prices

(asked on 19th March 2026) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment she has made of the impact of industrial energy prices on economic growth.


Answered by
James Murray Portrait
James Murray
Chief Secretary to the Treasury
This question was answered on 27th March 2026

We know high energy costs are one of the greatest challenges facing industry and is a key barrier to growth in the UK.

In the Modern Industrial Strategy, we announced the new British Industrial Competitiveness Scheme, which will reduce electricity costs by c.£35-40/MWh up to 2030 and support thousands of businesses.

This forms part of a wider package of support to industry.

Reticulating Splines