Context
The MP raises concerns about the high energy costs affecting local businesses, specifically pubs, cafés, manufacturers in Telford. He mentions the need for government intervention beyond current measures.
Question
What steps he is taking to help support businesses to reduce their energy costs? When the Government help businesses reduce energy costs, including by aiding their transition, businesses such as the pubs and cafés in Dawley, Madeley and Oakengates and manufacturers on Stafford Park and Halesfield can then protect and create jobs and pass on savings to customers. Will the Government back those businesses and ask the energy giants, which continue to make tens of billions of pounds of profit, to pay for it?
Answer from The Parliamentary Under-Secretary of State for Energy Security and Net Zero (Miatta Fahnbulleh)
My hon. Friend is completely right to stress the challenges faced by businesses. The Government are committed to backing businesses. We are working with the regulator to make sure that the system is fair for everyone and, as is set out in our industrial strategy, from 2027 the new British industrial competitiveness scheme will reduce electricity costs by up to £40 per megawatt-hour, which will benefit thousands of electricity-intensive industries, including the ones in his constituency. We are very clear that we are backing businesses, and we will do everything we can to support them in driving down bills.
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