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Electricity discounts of £420m announced

Western Mail

November 01, 2025

BUSINESS Secretary Peter Kyle has pledged his support for British industries with an announcement of £420m energy savings, but declined to comment on whether they would face tax rises in the upcoming Budget.

Yesterday, the UK Government confirmed it was going ahead with plans to increase the discount on electricity network charges for businesses in the most energy-intensive sectors from 60% to 90%.

‘The move, which was proposed earlier this year and has been subject to a consultation, will see about 500 businesses save up to £420m a year.

Making the announcement on a visit to the Encirc Glass factory in Elton, near Chester, Mr Kyle said: “This is targeted support for energy intensive industries, so we'll be injecting into this £420m worth of savings.

Cette histoire est tirée de l'édition November 01, 2025 de Western Mail.

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