PARLIAMENTARY WRITTEN QUESTION
(26 June 2026)
Question Asked
To ask the Secretary of State for Business and Trade, what steps he is taking to help reduce levels of industrial electricity costs for UK steel producers compared to EU ones.
Asked by:
Graham Stuart (Conservative)
Asked by:
Graham Stuart (Conservative)
Answer
We are reducing industrial energy prices for steel businesses through the measures set out in the Industrial and Steel Strategies: the EII compensation Scheme, the uplift to the British Industry Supercharger, and the British Industrial Competitiveness Scheme. The overall impact of UK government electricity price support reduces electricity prices for steel producers on average from £168/MWh to £86/MWh, reducing the costs of production for EAFs by approximately £40/t crude steel-based, and bringing UK EAF costs to a more similar level with those in the EU.
Answered by:
()
Contains Parliamentary information licensed under the Open Parliament Licence v3.0.