Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, with reference to the press release entitled Powering Britain's future: Electricity bills to be slashed for over 7,000 businesses in major industry shake-up, published on 22 June 2025, what estimate he has made of the cost to the public purse of this intervention.

As stated in the Modern Industrial Strategy, we intend to fund the British Industrial Competitiveness Scheme by bearing down on levies and other costs in the energy system.