The British steel industry is hobbled by punitive energy costs (far higher than in Germany, France & Netherlands). In January 2017 the all party group on Steel produced ‘Steel 2020‘, with recommendations on how to reduce costs. Claire Perry promised she’ll read it. Looking forward to her feedback!
Stephen Kinnock: I recommend that the Minister looks at the “Steel 2020” report produced by the all-party parliamentary group on steel and metal related industries. It contains a detailed road map on what can be done on energy, including on wholesale costs, network and transmission costs, energy efficiency aid, reform of the emissions trading system and long-term remodelling. Will she update us on what the Government are doing, and whether she has had a chance to look at the report?
Claire Perry: I am happy to read the primary source. I have seen many of those recommendations, which inform our response to the Helm review.
I was making the point that other countries have taken policy decisions to put the costs that would in this country be borne by industrial customers on to household bills. We have ended up in a situation in which some of our industrial energy bills are higher than average, but our household bills are lower than average. Those policy levers are difficult to change; we all support, for example, the energy price cap Bill that we will bring forward later this week.