Department for Business, Energy and Industrial Strategy written question – answered on 19th November 2018
Judith Cummins Labour, Bradford South
To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the effect of energy costs on the financial sustainability of the UK chemical industry.
Richard Harrington Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy)
Ensuring that the UK is competitive on the energy costs faced by manufacturing industry is an important element of our Industrial Strategy.
The Department has made no specific assessments of the effect of energy costs on the sustainability of the UK chemical sector. We know the chemistry sector recognises the value of the work we have undertaken in partnership to reduce energy costs. The recently-launched Chemistry Council Strategy the sector has noted that:
“Government and industry have worked together to help deliver improved energy costs for energy intensive industries (EII).
This was delivered through a £7 billion EII compensation package (announced in the Budget 2013), its conversion to an exemption (announced in the Autumn Statement 2015) and subsequently implemented from 2017.”