Business: Energy
(asked on 4th June 2026) - View Source
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, what assessment he has made of the potential impact of business energy costs on private sector activity.
Answered by
Chris McDonald
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
The Government recognises that electricity prices are an important factor in private sector activity of UK-based businesses and is dedicated to bringing electricity costs for recipients closer in line with those charged in competitor countries. We engage regularly with industry and monitor evidence on the impact of energy costs.
Through our Industrial Strategy we are taking action to address these challenges, including through the British Industrial Competitiveness Scheme, which reduce electricity costs by up to £40/MWh for eligible businesses.
The Network Charging Compensation scheme was uplifted from 60% to 90% relief from 1s April 2026. This raised total support from the Supercharger to approximately £65-87/MWh.