UK steelmakers face worst power-cost gap with EU in three years

· Energy · United Kingdom · France

British steelmakers have been pushed further behind European rivals on electricity costs after a surge in global gas prices, with the premium paid over French counterparts rising to almost £30 a megawatt hour, analysis by a lobby group found, The Guardian reported. The gap puts UK producers in their worst position in three years. Higher energy costs threaten the competitiveness of energy-intensive industries and add to pressure on government to address industrial power prices.

Why it matters：Energy costs are a decisive factor in where heavy industry survives, with implications for jobs, emissions and industrial policy across Europe.

Key points

  • The premium over French rivals rose to almost £30 per MWh.
  • A lobby group carried out the analysis.
  • Higher gas prices followed the US-Israeli war on Iran.

Sources (original reporting)

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