Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, what steps his Department is taking to help reduce industrial electricity prices in (a) Fylde and (b) Lancashire.

The Government believes that our mission to deliver clean power by 2030 is the best way to break our dependence on global fossil fuel markets and protect billpayers permanently.

The creation of Great British Energy will help us to harness clean energy with less reliance on volatile international energy markets and help in our commitment to make Britain a clean energy superpower by 2030.

The Government recognises that one of the barriers to industrial electrification is that electricity is significantly more expensive than gas. We also recognise that the UK’s industrial electricity costs are currently higher than those of our competitors, which partly reflects how the costs of the electricity system are distributed across households and industrial customers.

There is support in place through the British Industry Supercharger to reduce the cumulative impact of energy and climate change policies on industrial electricity prices for eligible energy intensive industries (EIIs), including compensation for indirect emission costs of the UK ETS and Carbon Price Support and reductions in the indirect cost due to the Contracts for Difference, Renewables Obligation and small-scale feed-in-tariffs.