Commenting on the Government’s official response the Cost of Energy Review, UK Steel’s Director General, Gareth Stace, said:
“Today’s statement by Greg Clark shows the Government has failed to grasp the fundamental impact uncompetitive electricity prices are having on the steel sector in the UK. Today’s effective ruling out of any further short term solutions to reduce electricity costs for the sector is a bitter blow. "
“For the last year, the Government response to any discussion on industrial energy prices has been an instruction to wait for this official response. Unfortunately, it is now clear the wait has not been worth it and this has simply been an elaborate exercise in ‘can kicking’. Today’s speech provided us with no immediate plan, no concrete proposals and no hope that any relief is on its way, amounting to little more than another vague statement of intent."
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