UK Plans £420m Energy Discount for 500 Intensive Industry Firms

The global market for industrial gases, dominated by Linde, Air Liquide, and Air Products, consumes vast amounts of electricity comparable to small European countries, underscoring the industry's energy intensity. In the UK, the government is planning to reduce energy bills for about 500 energy-intensive businesses, including steel and glass manufacturers, by increasing discounts on electricity network charges from 60% to 90%, equating to a £420 million annual saving aimed at enhancing competitiveness and job creation. Business Secretary Peter Kyle emphasized this move as targeted support to level the playing field internationally, though he did not rule out potential tax rises alongside the upcoming Budget. Meanwhile, the energy sector is gradually embracing AI technologies, with generative AI streamlining logistics and operational efficiencies, marking a shift from previous cautious adoption. Additionally, European research facilities like Delft University's Electrical Sustainable Power Lab are advancing virtual models of electric grids to better manage and simulate power systems, reflecting broader efforts to integrate and stabilize green electricity infrastructure.