Context
The MP is concerned about the high electricity prices faced by UK manufacturing businesses compared to their European counterparts.
Question
Reducing costs by £40 per megawatt-hour for 7,000 manufacturing businesses is welcome, as is the news in the Budget of changes to the British industry supercharger scheme. However, there are tens—if not hundreds—of thousands of other manufacturing businesses facing some of the highest electricity prices in Europe, which has been the case for many years. What is the plan to help the businesses facing very high bills right now while we wait for lower electricity bills in the longer term through Government plans for clean power?
Answer from The Parliamentary Under-Secretary of State for Business and Trade (Chris McDonald)
Alongside the British industrial competitiveness scheme, we have also committed to increasing network charges compensation from 60% to 90% under the network charging compensation scheme. We are reviewing our energy intensive industries compensation scheme. The lack of competitiveness on energy prices between the UK and the rest of Europe is a situation that was bequeathed to us by the previous Conservative Government and their ideological adherence to relying on foreign dictators such as Putin for Britain’s energy needs. We are investing in our future energy needs to ensure they are clean, cheap and secure.
Not addressed: No specific plan was given to help businesses facing high bills right now.
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