Monday, September 1, 2014

Industry voice: how UK energy policy is holding business back

#Energy Rising energy costs and the unpopular Triad charge could force manufacturers out of the UK, but there is a solution

The UKs industrial heritage is written into the fabric of the nation: from the chimney stacks of tin mines dotted across Cornwall, to the soot-stained buildings of the Black Country, down to the words Sheffield Steel stamped into diners cutlery. But todays industrial businesses are under threat from rising energy prices that could make it uneconomical to operate large-scale factories and manufacturing plants in Britain.


The UK governments own analysis revealed that last year average industrial electricity prices for industrial consumers in the country were the fifth highest in the EU-15 (including taxes), and 6.2% above the estimated median for that group.


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