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<p>Between 2005 and 2010, industrial electricity prices rose by 64 per cent. Including
taxes, industrial electricity prices rose from 4.77 pence per kWh in 2005 to 7.84
pence per kWh in 2010 while between 2010 and 2017, industrial electricity prices (including
taxes) have risen from 7.84 to 9.79 pence per kWh.</p><p> </p><p>The steel sector
has received more than £291 million in compensation since 2013 to make energy costs
more competitive [accurate as at 31/05/19], including over £53 million during 2018.
Last year we announced the Industrial Energy Transformation Fund worth up to £315
million to support businesses with high energy use to transition to a low carbon future and
to cut their bills through increased energy efficiency.</p>
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