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UK Unveils £420M Energy Relief for Heavy Industries

11/1/2025

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Summary

Story summary

The UK government, led by Business Secretary Peter Kyle, will provide a £420 million reduction in energy bills for 500 energy-intensive businesses, with a 90% discount on electricity network charges starting next year and no backdating to April 2025.
Unite's secretary general Sharon Graham welcomed the support but criticized profits as excessive.
The scheme covers steel and energy-intensive industries and aims to alleviate high costs, among the highest in G7.

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Story summary

The UK government, led by Business Secretary Peter Kyle, will provide a £420 million reduction in energy bills for 500 energy-intensive businesses, with a 90% discount on electricity network charges starting next year and no backdating to April 2025.
Unite's secretary general Sharon Graham welcomed the support but criticized profits as excessive.
The scheme covers steel and energy-intensive industries and aims to alleviate high costs, among the highest in G7.