This statement is an update to statement ‘Network Charging Compensation Scheme Uplift’ (UIN HCWS869).

Following the four-week consultation which ran between July and August this year, the Business and Trade Secretary announced on 31st October that government will increase the discount on electricity network charges for businesses in sectors like steel, cement, glass, paper and chemicals from 60 percent to 90 percent. This will save approximately 500 of the UK’s most energy-intensive businesses, which employ around 400,000 people in total across the UK, up to £420 million per year on their electricity bills from next April.

This uplift to the Network Charging Compensation Scheme (the ‘Supercharger’) delivers one of the crucial commitments in the Modern Industrial Strategy and forms part of the Government’s decisive action to slash industrial energy costs.

Some of these businesses currently pay the highest industrial electricity prices in the G7, making it harder to stay competitive on the international stage, which is why the Government has taken action to deliver this relief and level the playing field for industry.

The Supercharger will be funded through reforms to the energy system and at no additional cost to taxpayers. The Government is reducing costs within the system to free up funding without raising household bills or taxes.

The Department for Energy Security and Net Zero have published a consultation seeking views on the proposal to amend the inflation indexation of the Renewables Obligation (RO) from the retail price index (RPI) to the consumer price index (CPI). The proposals in the RO indexation consultation, if implemented, could contribute to bearing down on costs across the energy system.

The increased discount will also slash costs for a range of businesses across Scotland and Wales to help them support local jobs and deliver growth, including Tata Steel at Port Talbot and INEOS in Grangemouth, ensuring the benefits are felt right across the country.

https://www.theyworkforyou.com/wms/?id=2025-11-03.hcws1014.0