Written Question·Department for Business and Trade·UIN 64244

Industry: Trade Competitiveness

Tabled: 1 July 2025

Answered: 7 July 2025

Question

Perran Moon

To ask the Secretary of State for Business and Trade, if he will set out the terms of reference for the consultation on the British industrial competitiveness scheme.

Answer

Sarah Jones

From 2027, the new British Industrial Competitiveness Scheme (BICS) will reduce electricity costs by c.£35-40/MWh for thousands of eligible businesses. These firms will be exempt from paying levies on the Renewables Obligation, Feed-in Tariffs and the Cap...

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