Government recognises that the increase in delivered electricity prices caused through the recovery of environmental levies on industrial energy consumers’ bills threatens to reduce the competitiveness of UK businesses in international markets.
This particularly impacts our most energy intensive industries.
To address this, a new exemption scheme from April 2018 provides relief to industries whose global competitiveness is most at risk. Eligible businesses may apply for a partial exemption from the costs of funding the Contracts for Difference and Renewables Obligation. Successful applicants are also, automatically, eligible for relief from Feed-In-Tariff costs.
But does this go far enough?
Government has recently consulted on widening the scheme - how do we strike the balance between supporting British industry and avoiding a heavy financial burden on those who are not eligible for the exemptions?
And how does this tie into policy making for Brexit, British exports and the wider Industrial Strategy?
Join our webinar to hear directly from Arjan Geveke, the Associate Director of Energy Policy (Productivity Team) at the Department for Business, Energy and Industrial Strategy as he outlines government's understanding of what industrial energy consumers need and how the policymakers plan to support these sectors.
With response from NSG Pilkington - a major glass manufacturer affected by these issues and insight on market trends and consumer activity from Inspired Energy, this promises to be a lively and highly informative discussion.