To ask His Majesty's Government what steps they are taking to provide (1) stable, and (2) affordable, energy supply for manufacturers.
Answered on
21 July 2023
The Government will continue to work closely with Ofgem, the gas and electricity system operators and all relevant stakeholders to ensure we have the maximum tools available to secure our energy supply for winter 23/24. For example, the T-1 Capacity Market auction has secured 5.8GW of electricity capacity for the delivery year 2023/24, bringing the total to 53.8GW.
The REMA programme will assess options for delivering an enduring market framework that works for our businesses, industry, and households. The government is committed to ensuring that the costs of the UK's energy transition are fair and affordable for all consumers. The Energy Bills Discount Scheme will continue to provide energy support to businesses until March 2024.