High energy usage firms face high energy costs

Article posted

16th Aug 2022

Read time

1-2 min read


Mollie Pinnington

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Businesses within the steel, cement, paper ceramics and glass industries could see lower costs due to rising energy prices. The government plans would help around 300 UK businesses which would also support 60,000 jobs. If this plan is implemented, it would reduce environmental policies from 85% to 100%. The UK British secretary has said that British manufacturers are the lifeblood of our economy and will help us overcome this period of economic uncertainty.

Therefore, with global energy prices so high, it is essential the government explores how to keep a competitive future for these businesses in order to protect jobs across the UK as well as our economy.

This has come after UK companies have faced higher electricity prices than those in the EU, this means that higher prices could lead to a lack of investment, competition, and commercial viability for UK forms.

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