High electricity using businesses like steel and paper mills could see further relief under new proposals to help subsidise their electricity costs.
The UK government is consulting on the option to increase the level of exemption for certain environmental and policy costs from 85% of costs up to 100%. The consultation closes 11:45pm on 16 September 2022.
This reflects higher UK industrial electricity prices than those of other countries including in Europe, which could hamper investment, competition and commercial viability for hundreds of businesses in industries including steel, paper, glass, ceramics, and cement, and risk them relocating from the UK.
For further information visit Government to consider further relief for energy intensive industries - GOV.UK (www.gov.uk)