Politics

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

The Guardian Politics · 19 October 2026 at 00:01

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

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.

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

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