Overview
- The government says about 500 businesses in sectors such as steel, glass, cement, chemicals and paper will save up to £420 million a year.
- Officials state the discounts start from April 2026, while news reports say eligible firms may not receive rebates until April 2027.
- Ministers assert the package will be funded through energy-system reforms at no extra cost to taxpayers.
- The Times reports the scheme’s costs will be added to consumer energy bills, challenging the official funding claim.
- Industry groups welcome the relief but press for wholesale power-price reform to narrow gaps with France and Germany.