Question to the Department for Business, Innovation, Science and Trade:

To ask the Secretary of State for Business, Innovation, Science and Trade, whether his department is developing new proposals to reduce high energy costs for steel manufacturers.

The Government understands the challenges high energy costs pose to the steel industry and the constraining effect on investment. Many steel manufacturers already receive support through the British Industry Supercharger, providing eligible firms with a £65–87/MWh electricity discount. From April 2027, eligible manufacturers will also benefit from the British Industrial Competitiveness Scheme, reducing electricity costs by around 25%.

At the Budget, the Chancellor announced a new Cost Control Framework will be introduced at the 2027 Spending Review to reduce bills over the next decade. The Department for Business, Innovation, Science and Trade will support the development of this framework.