Source · Select Committees · Business and Trade Committee
Recommendation 25
25
Not Addressed
Paragraph: 131
When implemented, the Targeted Charging Review has the potential to burden UK steel producers with...
Conclusion
When implemented, the Targeted Charging Review has the potential to burden UK steel producers with costs exceeding relief provided to the sector as an energy intensive industry. We note that despite this decision having a potentially significant impact on UK steel producers it has been left entirely to Ofgem without the opportunity for the Government to intervene.
Government response summary AI-generated
The government's response discusses the IASB's project on supply chain finance and proposed accounting amendments, which does not address the committee's concerns about the Targeted Charging Review or Ofgem.
Summary of the government's response below — read the verbatim text to verify.
Paragraph Reference:
131
Government Response
Not Addressed
HM Government · verbatim extract
Not Addressed
43. We recognise this is a worrying time for businesses facing pressures due to the significant increases in global gas prices, and the subsequent increases in electricity prices. Extensive engagement with industry continues across Government at both a ministerial and official level.
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