Question
To ask the Secretary of State for Business, Innovation and Skills, how much the Energy Intensive Industries Compensation Scheme costs his Department to administer each year.
56 different energy intensive businesses across the UK have received a total of £131.7m in compensation since August 2013 – £65.6m in respect of the EU Emissions Trading System and £66.1m in respect of the Carbon Price Support mechanism. There is also a Climate Change Levy exemption, for energy used in metallurgical and mineralogical processes, which additionally covers a number of Energy Intensive Industries who claim EU ETS and CPS compensation.