Our steel industry MUST be able to compete on a level playing field, but UK govt has slashed its energy support scheme, leaving UK steel paying *63%* more than German competitors.
Yet again steelworkers are forced to compete with one hand tied behind their backs. I questioned the minister on this.
“I am sure the Minister would agree that a key aim of the support scheme must be to ensure that our steel industry can compete internationally on a level playing field. The German Government have guaranteed their steel industry an electricity price of €130 per megawatt hour for 2023. In contrast, what the Minister has announced today only provides our steel industry with a discount on electricity prices above £185 per megawatt per hour. That leaves UK steel producers to pay an estimated 63% more than their German counterparts. Why are the Government once again letting down our steel industry and forcing our steelworkers to compete with one hand tied behind their back?”