Energy: Industry

(asked on 14th May 2026) - View Source

Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, whether he has made an assessment of the potential impact of bringing industrial energy prices in line with international competitors on UK manufacturing jobs.


Answered by
Chris McDonald Portrait
Chris McDonald
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
This question was answered on 22nd May 2026

The only way to bring energy bills down sustainably is by reducing Britain’s exposure to volatile fossil fuel markets. Our mission for Clean Power by 2030 will get us off the rollercoaster of fossil fuel prices, to cut bills for businesses and households for good.

In the nearer term, through the British Industry Supercharger (BIS), we are reducing electricity costs for energy‑intensive industries. Since April 2026, the discount on electricity network charges for these firms has increased from 60% to 90%.

The British Industrial Competitiveness Scheme (BICS) will also reduce electricity costs by up to £40/MWh for over 10,000 businesses across the Industrial Strategy’s growth sectors and key manufacturing supply chains.

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