Lord Donoughue – 2016 Parliamentary Question to the Department for Business, Innovation and Skills
The below Parliamentary question was asked by Lord Donoughue on 2016-01-27.
To ask Her Majesty’s Government what assessment they have made of the extra electricity cost to steel producers related to climate change policies in financial terms per tonne, and as a percentage, (1) in the UK, (2) in Germany, and (3) in France.
Baroness Neville-Rolfe
The Government assessed, and published a report about, the impact of energy and climate change policies on industry and how this compares to other countries. That report was published on 11 July 2012. Based on this data the projected cost per MWh of energy and climate change polices for industry for 2015 (expressed in 2010 prices) was £18.50 in the UK, £5.80 for France, and £13.10 for Germany. However the Government has since taken action to mitigate most of the indirect costs arising from energy and climate change policies for industry, specifically by compensating for the indirect costs of carbon taxes and now by implementing relief from the costs of renewables policies passed through in bills. These measures will save the steel industry around £100m over the financial year – roughly 30% of their electricity bills.
