{"id":69228,"date":"2016-04-01T17:23:00","date_gmt":"2016-04-01T17:23:00","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=f6e8257833b57f0bcdf691abcdd08b01"},"modified":"2016-04-01T17:23:00","modified_gmt":"2016-04-01T17:23:00","slug":"news-story-new-consultation-launched-on-energy-cost-relief-for-industry","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=69228","title":{"rendered":"News story: New consultation launched on energy cost relief for industry"},"content":{"rendered":"<div class=\"govspeak\">\n<ul>\n<li>government announces details of exemption for energy intensive industries, including steel, from major energy tariff costs<\/li>\n<li>exemption worth \u00a3390 million a year, first announced at Autumn Statement <\/li>\n<li><a href=\"https:\/\/www.gov.uk\/government\/news\/sajid-javid-meeting-workers-and-managers-at-port-talbot-today\">Business Secretary met with steel workers and Tata management during meetings at Port Talbot<\/a><\/li>\n<li>government using all ministerial, official and diplomatic levers to secure long-term viable solution at the site<\/li>\n<\/ul>\n<p>The government has today (1 April 2016) published a <a href=\"https:\/\/www.gov.uk\/government\/consultations\/implementing-an-exemption-for-energy-intensive-industries-from-the-indirect-costs-of-the-ro-and-the-fits\">consultation<\/a> on introducing an exemption for Energy Intensive Industries (<abbr title=\"Energy Intensive Industries\">EIIs<\/abbr>), such as the steel industry, from renewable electricity costs \u2013 in a move that could save the steel industry over \u00a3400 million over this Parliament.<\/p>\n<p>The move, first announced at Autumn Statement, will exempt all <abbr title=\"Energy Intensive Industries\">EIIs<\/abbr> from paying \u00a3390 million a year in policy costs of the Renewables Obligation and Feed-in Tariff. It is specifically worth more than \u00a3400 million to the steel sector by the end of this Parliament, and will provide greater investment certainty for the future. <\/p>\n<p>The exemption is expected to come into force in 2017, and the government is keen the steel industry feeds in to secure the exemptions it will be entitled to. <\/p>\n<p>Business Secretary Sajid Javid said:<\/p>\n<blockquote>\n<p>Help with energy costs has been one of the steel industry\u2019s key asks and, having extended last year the compensation we are paying out, I want to see progress on exempting them altogether.<\/p>\n<p class=\"last-child\">While we can\u2019t control the global price of steel, we are doing everything we can to help our steel industry, not just on energy costs but also securing flexibility on EU emissions rules and on tariffs.<\/p>\n<\/blockquote>\n<p><abbr title=\"Energy Intensive Industries\">EIIs<\/abbr> include the steel industry and ceramics industry amongst others, employ around 600,000 people and contribute \u00a352 billion to the UK economy. Prior to the exemption coming into force, the government will continue to pay compensation to <abbr title=\"Energy Intensive Industries\">EIIs<\/abbr> (\u00a3160 million to date since 2013, of which over \u00a360 million has been paid to the steel industry) to reduce their energy costs.<\/p>\n<div class=\"call-to-action\">\n<p><a href=\"https:\/\/www.gov.uk\/government\/consultations\/implementing-an-exemption-for-energy-intensive-industries-from-the-indirect-costs-of-the-ro-and-the-fits\">Take part in the consultation<\/a>.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Business Secretary outlines details of an exemption for the steel sector and other energy intensive industries for energy costs relief.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"_links":{"self":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/69228"}],"collection":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=69228"}],"version-history":[{"count":1,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/69228\/revisions"}],"predecessor-version":[{"id":69245,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/69228\/revisions\/69245"}],"wp:attachment":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=69228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=69228"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=69228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}