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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>

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\u202fTransformation Fund worth up to £315 million to support\u202fbusinesses with high energy use\u202fto\u202ftransition to a low carbon future\u202fand to\u202fcut their bills\u202fthrough increased energy efficiency.<\/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>

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