Energy intensives to see bills cut from April

The Government is pressing ahead with plans to cut electricity bills for around 500 of the UK’s most energy-intensive businesses.

From next April, the discount on electricity network charges will be increased for businesses in sectors like steel, cement, glass, and chemicals, which employ around 400,000 people in total across the UK, from 60% to 90%.

The Government said some of the businesses currently pay the highest industrial electricity prices in the G7, making it harder to stay competitive on the international stage,

Business and Trade Secretary Peter Kyle said: “British industry deserves a level playing field – and this government is delivering it.

“We’ve heard businesses loud and clear, and this landmark support will help them stay competitive on the global stage so they can invest and grow here in the UK.”