The Government's 10-year Industrial Strategy will tackle high industrial energy bills: comment
Comments on reports covering Government's 10-year Industrial Strategy expected next week
By Jess Ralston
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On the same day that analysis is published showing that the UK's industry was saddled with an extra £29bn in energy bills over the gas crisis [1], there have been reports that the Government's upcoming Industrial Strategy will tackle high energy costs faced by the UK's heavy industries [2].
The analysis from the Energy and Climate Intelligence Unit shows that the steel industry faces bills that are 80% higher than pre-crisis levels, and that the wholesale portion of electricity bills in this sector is higher than the entire bill (including network and policy costs) faced by competitors in France and Germany.
Commenting on reports that the Government's 10-year Industrial Strategy, expected next week, will tackle high energy costs, Jess Ralston, Energy Analyst at the Energy and Climate Intelligence Unit (ECIU) said:
"The gas crisis has cost British industry £29bn to date and high gas prices have driven costs for the steel sector up 80%. This is purely from volatility in gas markets we have no significant control over.
"Exempting more industries from network and policy costs will be very welcome, making them more competitive with Europe, but unless addressed, the wholesale portion of energy bills could still drive up costs in a future crisis."
Jess is available for interview.
Notes to editors:
1. https://eciu.net/analysis/reports/2025/industrial-energy-costs-in-the-gas-crisis
2. https://www.thetimes.com/uk/politics/article/taxpayer-will-subsidise-industry-energy-bills-to-help-firms-compete-zstdqhmf8
For more information or for interview requests:
Jess Ralston, Head of Energy, ECIU, Tel: 07972 548 503, email: jess.ralston@eciu.net