delete The Energy-Intensive Industry Electricity Support Payments and Levy (Amendment) Regulations 2026
Amends the Energy-Intensive Industry Electricity Support Payments and Levy Regulations 2024 to increase subsidy coverage from 60% to 90% and extend support duration from one month to two months for energy-intensive industries in England, Wales, and Scotland.
Expands harmful industrial subsidies that distort market prices, raise electricity costs for other consumers via the levy, and prop up inefficient firms unable to compete without government support, causing misallocation of capital and entrenched corporate welfare.