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Where will the UK rank in industrial electricity prices among developed countries by December 31, 2024?
2
Resolution / Starting Odds
UK remains highest • 25%
UK drops to second highest • 25%
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UK drops below third highest • 25%
Data released by the International Energy Agency (IEA) or other relevant energy regulatory bodies
Story
UK Industrial Electricity Prices Surge to 25.85 Pence, 4X Higher Than US, Amid Net Zero Agenda
Sep 27, 2024, 07:38 AM
New data released by the UK Government reveals that British companies are paying the highest industrial electricity prices in the developed world. The cost of electricity for industrial businesses in the UK is now four times higher than in the US and 46% above the IEA median. Over the past five years, electricity costs in the UK have more than doubled, reaching 25.85 pence (£0.2585) per kilowatt-hour, compared to 6.48 pence (£0.0648) per kilowatt-hour in the USA. This surge in prices is attributed to the net zero agenda.
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