Written question asked by Nicholas Dakin (Labour) on Thursday, 6 June 2019, in the House of Commons. It was due for an answer on Monday, 10 June 2019. It was answered by Chris Skidmore (Conservative) on Wednesday, 19 June 2019 on behalf of the Department for Business, Energy and Industrial Strategy.
Iron and Steel: Manufacturing Industries
- Question
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To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the effect of uncompetitive electricity prices in the UK steel sector on that sector’s ability to compete internationally.
- Answer
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Between 2005 and 2010, industrial electricity prices rose by 64 per cent. Including taxes, industrial electricity prices rose from 4.77 pence per kWh in 2005 to 7.84 pence per kWh in 2010 while between 2010 and 2017, industrial electricity prices (including taxes) have risen from 7.84 to 9.79 pence per kWh.
The steel sector has received more than £291 million in compensation since 2013 to make energy costs more competitive [accurate as at 31/05/19], including over £53 million during 2018. Last year we announced the Industrial Energy Transformation Fund worth up to £315 million to support businesses with high energy use to transition to a low carbon future and to cut their bills through increased energy efficiency.
Secondary information
- Type
- Written question
- Reference
- 261197
- Session
- 2017-19
- Grouped for answer
- Yes
- Subjects
- Electricity Iron and steel Manufacturing industries Prices
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2019-06-19 11:26:11 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2017-19/261197
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/commons/2017-19/261197
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/commons/2017-19/261197