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UK industrial electricity costs are up to 40% higher than in France and Germany, hurting manufacturers and pushing some to import from China and Turkey.
UK manufacturers face soaring energy costs, with industrial electricity prices up to 40% higher than in France and Germany, mainly due to reliance on expensive gas and a liberalised market that sets prices by costliest sources.
Companies like Encirc report rising production pressures, prompting increased imports from China and Turkey.
While a government plan to boost network charge discounts to 90% from April may save major users £420 million annually, industry leaders say it’s insufficient.
Experts note the UK’s grid transition from coal to renewables has created a temporary gap, with prices expected to fall long-term as clean energy expands.
Los costes de la electricidad industrial en el Reino Unido son hasta un 40% más altos que en Francia y Alemania, lo que perjudica a los fabricantes y obliga a algunos a importar de China y Turquía.