PARLIAMENTARY WRITTEN QUESTION
Iron and Steel: Energy (4 November 2024)
Question Asked
To ask the Secretary of State for Business and Trade, if he will make a comparative assessment of energy prices for steel production in (a) the UK, (b) China, (c) Germany and (d) the US.
Asked by:
James McMurdock (Independent)
Asked by:
James McMurdock (Independent)
Answer
The Government recognises that this continues to be a worrying time for the steel sector facing pressures due to global energy prices.
We are committed to minimising energy costs for steel, and all energy intensive industries, to help ensure they remain strong and competitive.
Further support through the new British Industry Supercharger should be worth (on average) around £24-£31 Per MegaWatt Hour (MWh) for eligible businesses, closing the competitive gap with their international competitors.
Answered by:
Sarah Jones (Labour)
12 November 2024
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