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Steel industry calls for energy price relief

Steel industry calls for energy price relief


 

The UK’s steel industry has urged the government to boost its competitiveness by helping to alleviate the pressure of rising energy costs. In a statement issued on Thursday 24 September, trade association EEF said the sector was facing an additional £130mn/ year in its energy prices as a consequence of the government’s climate change policies. Moreover, new regulations in the EU Industrial Emissions Directive would add another £500mn to costs by 2020. EEF said the government must fully implement its energy intensive industry compensation package ahead of April 2016; it noted the sector was currently paying 70% of the costs that the full package was intended to address.

 

EEF