UK Government Promises to Cut Industrial Energy Bills ...Middle East

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UK Government Promises to Cut Industrial Energy Bills
source : OILPRICE ( Middle East ) () 78
The Starmer government has promised it would reduce industrial users’ electricity bills by up to 25% from 2027 as part of its energy strategy, due to be released this week. How the cuts will be implemented has not been made clear for the time being, except a statement saying energy intensive industries will be made exempt from certain levies, such as the Renewables Obligation. The mechanism obliges electricity distributors to source part of their electricity from wind and solar installations, per government plans to reduce the country’s…

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