The UK Steel warns the prices for electricity remain uncompetitive, calls for contracts for the difference on an even game field

The British Trade Association UK Steel warned that, despite the recent government interventions, home -made manufacturers continue to face non -competitive electricity prices compared to European rivals. The latest report of the association shows that the British steel will pay 25 percent more for electricity in the 2025-26 financial year, adding about £ 26 million in annual costs.

of the UK compared to the European Union of prices Electricity

According to the report, the average prices for power for steel are predicted as follows:

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Germany: 52,04 pounds/MWCh

France: 47.76 pounds Sterling/MWCh

even after increasing compensation for network boards, solution. Sector

Electricity is one of the largest input costs for steel production. The report emphasizes that today the consumption of electricity in the sector corresponds to 800,000 households, and that the demand is doubled, since more and more furnaces with electric arcs (EAFS) are replaced by explosive furnaces, and electricity costs are up to 180 percent of the gross added value (GVA) for British manufacturers.

. This puts in the British steel industry in the competitive section

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Recommended solutions

The report sets out two key measures to reduce the gap in competitiveness:

• Two-frequency contracts for the differences (CFDS) for wholesale electricity to align industrial prices with France and Germany. Excessive costs.

The steel industry in a British has a hand behind the back, since it encounters electricity prices up to 25 percent higher than its European competitors. Undergrade power prices are a threat to jobs, future investments and our clean zero ambitions. Steice, General Director of UK Steel, said.