UK moves to cut industry energy bills to help compete with European rivals

Energy-intensive sectors such as steel will have costs cut on energy bills to help them better compete with European rivals using lower energy prices. Photograph: Monty Rakusen/Getty Images/Image Source

Ministers have moved to level the playing field on energy costs between British manufacturers and their European competitors after years of concerns that domestic firms faced an unfair disadvantage.

The “British Industry Supercharger” scheme aims to improve conditions for 300 companies – employing 400,000 workers – in sectors including steel, metals, chemicals and paper manufacturing.