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.