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Written question asked by Lord Taylor of Warwick (Non-affiliated) on Tuesday, 3 June 2025, in the House of Lords. It was due for an answer on Tuesday, 17 June 2025. It was answered by Lord Wilson of Sedgefield (Labour) on Tuesday, 17 June 2025 on behalf of the Department for Energy Security and Net Zero.

Energy: Prices

Question

To ask His Majesty's Government what assessment they have made of the impact of high energy costs on energy-intensive sectors, and what steps they are taking to reduce energy costs for those industries.

Answer

This Government recognises high energy prices are a key challenge for UK businesses, including those in energy-intensive sectors. We are working closely with businesses and industry to consider actions needed to support key sectors and address the challenges they currently face.

Our Clean Power 2030 target is the key to long-term sustainable price reductions. Our mission is for clean power by 2030 because clean, homegrown energy is the best way to protect billpayers and boost Britain's energy independence. We are also already bringing energy costs for UK industries closer in line with other major economies through the British Industry Supercharger. This fully exempts eligible firms from certain costs linked to renewable energy policies, particularly those exposed to the high cost of electricity. Government will always keep support under review based on the needs of industry.

Secondary information

Type
Written question
Reference
HL8079
Session
2024-26
Subjects
Energy Prices Energy intensive industries
Contains statistics
Yes
Link
View this Written question on www.parliament.uk