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09 Jan
20:59

UK Steel says energy support scheme falls short

UK Steel has welcomed the government’s launch of the Energy Bill Discount Scheme but says the support falls short of competitor countries, including Germany. The new policy provides some important certainty and stability for steel producers’ production costs in the current difficult economic climate. However, the reforms “significantly narrow the help that Government will provide, with a maximum discount of £89/MWh, which stops delivering …
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