Source · Select Committees · Business and Trade Committee
Recommendation 21
21
Accepted
High electricity prices deter investment and hinder UK industrial competitiveness.
Conclusion
High electricity prices in the UK are deterring investment and hurting the ability of UK industries to compete internationally and decarbonise. (Conclusion, Paragraph 101)
Government response summary AI-generated
The government details several measures to address high electricity prices, including increasing the Network Charging Compensation scheme uplift from 60% to 90% from 2026, introducing a new British Industrial Competitiveness Scheme from 2027 to reduce electricity costs, and reviewing the existing Energy-Intensive Industries Compensation Scheme.
Government Response
The government responded to this report on 12 September 2025. No passage in that response could be matched to this conclusion. Read the response document ↗