This guidance provides an overview of the various mechanisms available to reduce the cost of government policy on energy bills for steel companies.
For over a decade, new energy and climate change policies have been introduced by successive governments, adding to UK industrial energy bills and undermining UK industrial competitiveness. Currently, it is estimated that these policies add £45/MWh to electricity bills, before any relief measures are applied.
UK Steel has campaigned to deliver a range of compensatory measures to reduce these costs and bolster the international competitiveness of our sector.
This document provides an overview of these measures and steps for companies to take to access further information and apply for this relief. Overall, these relief measures are estimated to have saved the steel industry approximately £158 million between 2013/14 and 2016/17.