PARLIAMENTARY WRITTEN QUESTION
Energy Intensive Industries (15 March 2022)
Question Asked
What fiscal steps he is taking to provide support to energy intensive industries.
Asked by:
James Wild (Conservative)
Asked by:
James Wild (Conservative)
Answer
Energy-Intensive Industries receive extensive support from the government.
Since 2013, we have provided over £2 billion to help them with the costs of electricity.
We have additional funds in place to support such sectors cut their bills, including the £315 million Industrial Energy Transformation Fund.
We also allocate free allowances to reduce the costs they pay under the emissions trading scheme, around £3bn per year based on recent prices.
Answered by:
Helen Whately (Conservative)
15 March 2022
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