Measures will cut network charges and provide exemptions from electricity costs for firms in sectors like steel, metals and chemicals.

  • government rolls out British Industry Supercharger measures to put Britain’s energy-intensive industries on competitive footing with global counterparts
  • energy intensive industries (EII) including steel will save an estimated £320 million – £410 million in 2025

Around 370 businesses employing 400,000 skilled workers around the country are set to benefit from lower costs as a result of the rollout of the British Industry Supercharger today (1 April 2024).

The Supercharger, first announced and consulted on by government last year, includes a series of targeted measures to bring energy costs for key industries in line with other major economies, levelling the playing field for UK businesses.

The support will be made available to sectors particularly exposed to the high cost of electricity including steel, metals, chemicals, cement, glass and paper, and is expected to be worth between £320 million – £410 million in total savings to UK businesses next year.

Find out more here

Related Posts

UK applies to join huge Pacific free trade area CPTPP

The UK is formally applying to join one of the world’s largest free-trade areas, deepening trade ties with some of the fastest-growing markets in the world. International Trade Secretary Liz...
Read More

Invitation to participate in HMG research into the potential benefits from resource efficiency in the vehicles sector

The Department for Energy Security and Net Zero (DESNZ) and the Department for Environment, Agriculture and Rurals Affairs (Defra) have jointly commissioned a research project to explore the potential benefits...
Read More

Russian Oil Services ban

Guidance, General Licences and reporting forms in relation to the Russian Oil Services ban and price cap Change made: Russian Oil Services Ban – HMT Industry Guidance updated Time updated:...
Read More