Written questions, answers and statements

Energy: Prices

Show full question

Question for Department for Business and Trade

UIN 21911, tabled on 16 April 2024

Question

Mr Gregory Campbell
Democratic Unionist Party
East Londonderry
Commons

To ask the Secretary of State for Business and Trade, pursuant to the Answer of 15 November 2023 to Question 1306 on Energy: Prices, if she will make an (a) estimate of when the Supercharger proposals will be fully implemented and (b) an assessment of the potential impact of their full implementation on the international competitiveness of UK electricity costs.

Answer

Alan Mak
Conservative
Havant
Commons

Answered on

19 April 2024

The government committed to implementing the Supercharger measures between April 2024 and April 2025. The 4 statutory instruments that enact the Supercharger came into force on 1 April and the first measure has been implemented. The second measure will be implemented from 1 October and the final measure will be implemented from April 2025.

Taken together, the government estimates that Government support on electricity prices for Energy Intensive Industries (EIIs) in the form of the British Industry Supercharger could be worth (on average) around £24-£31 Per MegaWatt Hour (MWh) for eligible businesses, closing the competitive gap with their international competitors.

Answered by

Department for Business and Trade
Named day
Named day questions only occur in the House of Commons. The MP tabling the question specifies the date on which they should receive an answer. MPs may not table more than five named day questions on a single day.