Chris McDonald

Chris McDonald

Labour — Stockton North

Speaking in the House of Commons on 6 January 2026

Debate

Energy Costs: Businesses

Contribution

Happy new year and happy Epiphany, Mr Speaker. Alongside my right hon. Friends the Secretaries of State for Energy Security and Net Zero and for Business and Trade, I am committed to slashing energy costs for British businesses. From April, eligible energy-intensive industries will see an uplift in compensation for electricity network charges, with 90% of costs being covered. We are also consulting on a British industrial competitiveness scheme that includes our plan to exempt over 7,000 businesses from covering the costs of some our historic renewables levies.

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