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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.</p><p>The steel sector has received more than £295 million
in compensation since 2013 to make energy costs more competitive, including over £53
million during 2018. In addition, between 2017 and 2019, the Government has introduced
policies that provide eligible steel producers with an 85% reduction in renewable
energy policy costs in their electricity bills. 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><p>Between 2010 and 2017, industrial electricity prices (including
taxes) have risen from 7.84 to 9.79 pence per kWh, an increase of 25%.</p><p> </p>
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