Industries across the UK are struggling to cope with sky-high electricity costs. These rising prices are slowing down the country’s shift to clean energy.
One example is Bridgnorth Aluminium, the UK’s only aluminium coil mill. The company has invested millions to cut emissions and use less power. But its efforts are being limited by energy pricing rules.
To receive a government subsidy, Bridgnorth must use a certain amount of electricity. If its energy use drops below that level, it loses the financial support. This leads to wasteful practices, such as running extra lights or machines to stay above the limit.
“This feels strange and unhelpful,” said Adrian Musgrave, a company official.
According to the International Energy Agency, large companies in Britain paid four times more for electricity last year than similar firms in the US. Power prices were also much higher than in France and Germany.
These sky-high electricity costs are making it harder for industries to stay competitive. Many companies are cutting back on investment in clean energy. Some are even delaying plans to switch from gas to electric systems.
Experts warn that if costs stay sky-high, more companies may slow down or stop their green projects. This threatens the UK’s goal of reaching net zero emissions by 2050.
To lower costs, the government has promised new measures. One proposal would remove most grid charges for energy-heavy industries. There are also talks about changing how electricity prices are set.
But for now, many industries remain in survival mode. They say high electricity bills are their biggest challenge.
Without quick action, the country’s clean energy future could be delayed. Sky-high costs not only hurt business but also put climate goals at risk.
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