UK Manufacturers Urge Government to Act on Energy Crisis
The UK's manufacturing industry is facing an energy crisis of unprecedented proportions, with industrial energy prices ranking among the highest in the developed world. As the government prepares to announce its long-awaited British Industrial Competitiveness Scheme (BICS), industry leaders are growing increasingly frustrated with the lack of urgency.
Industry associations like Make UK, which represents manufacturers across the country, have been calling for the government to expand its energy support scheme from 7,000 businesses to 115,000 companies. They also want backdated savings on electricity bills, a provision that was initially scheduled for April 2027 but has now become increasingly unlikely.
However, Make UK's boss, Stephen Phipson, argues that every day counts in tackling the energy crisis. "The clock is ticking on tackling our eye-watering energy costs and it is now a case of political will rather than any technical constraints to addressing these," he says.
Industry insiders point to the steep increase in energy costs facing heavy users, with some firms set to face annual increases of Β£500,000 due to rising transmission charges. While about 500 firms in high-energy industries are protected under a separate "supercharger" scheme, many more will be left exposed.
Make UK's request for fast-tracking the BICS scheme is reasonable, considering that waiting until 2027 is too late. With the energy crisis already biting hard, industry leaders cannot afford to wait any longer for support. As the government prepares to consult on how the scheme will be implemented, it must act quickly to alleviate the pressure on businesses.
It's time for the government to demonstrate its commitment to addressing this pressing issue and provide meaningful relief to manufacturers struggling with skyrocketing energy costs. Anything less would be a dereliction of duty, and would ultimately undermine the UK's competitiveness in the global market.
The UK's manufacturing industry is facing an energy crisis of unprecedented proportions, with industrial energy prices ranking among the highest in the developed world. As the government prepares to announce its long-awaited British Industrial Competitiveness Scheme (BICS), industry leaders are growing increasingly frustrated with the lack of urgency.
Industry associations like Make UK, which represents manufacturers across the country, have been calling for the government to expand its energy support scheme from 7,000 businesses to 115,000 companies. They also want backdated savings on electricity bills, a provision that was initially scheduled for April 2027 but has now become increasingly unlikely.
However, Make UK's boss, Stephen Phipson, argues that every day counts in tackling the energy crisis. "The clock is ticking on tackling our eye-watering energy costs and it is now a case of political will rather than any technical constraints to addressing these," he says.
Industry insiders point to the steep increase in energy costs facing heavy users, with some firms set to face annual increases of Β£500,000 due to rising transmission charges. While about 500 firms in high-energy industries are protected under a separate "supercharger" scheme, many more will be left exposed.
Make UK's request for fast-tracking the BICS scheme is reasonable, considering that waiting until 2027 is too late. With the energy crisis already biting hard, industry leaders cannot afford to wait any longer for support. As the government prepares to consult on how the scheme will be implemented, it must act quickly to alleviate the pressure on businesses.
It's time for the government to demonstrate its commitment to addressing this pressing issue and provide meaningful relief to manufacturers struggling with skyrocketing energy costs. Anything less would be a dereliction of duty, and would ultimately undermine the UK's competitiveness in the global market.