Starmer Cuts Green Levies for Thousands of Electricity-Intensive Businesses

The government said on Monday it will exempt thousands of businesses from paying green levies in a bid to grow the economy and increase the UK’s global competitiveness.

The new British Industrial Competitiveness Scheme will cut electricity costs by up to £40 per megawatt hour for over 7,000 electricity-intensive manufacturing companies, in major sectors such as aerospace, automotive, and chemicals.