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Electricity costs put UK steelmakers in worst position in three years against EU rivals

Outlet: The Guardian · Jasper Jolly · Published 18/10/2026 23:01 UTC

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Premium paid over French counterparts has risen to almost £30 a megawatt hour, analysis by lobby group finds British steelmakers have been pushed further behind European rivals on electricity costs after the US-Israeli war on Iran caused a surge in global gas prices. The premium paid by the British industry over its French counterpart has risen to almost £30 a megawatt hour (MWh), its highest level in three years, according to analysis by the lobby group UK Steel. Continue reading...

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Source
https://www.theguardian.com/business/2026/oct/19/electricity-costs-uk-steelmakers-worst-position-three-years-eu-rivals
Published
18/10/2026 23:01 UTC
Captured
18/10/2026 23:24 UTC
Text fingerprint
48397c7a5bd72226 · 589 words
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