Source · Select Committees · Energy Security and Net Zero Committee
Recommendation 29
29
High industrial energy costs pose an existential threat, with UK prices highest in Europe.
Conclusion
High energy costs pose an existential threat to many UK industries and are among the greatest concerns facing businesses of all sizes. The UK’s industrial electricity prices are the highest in Europe and around four times higher than the US and Canada, which places UK businesses at a severe competitive disadvantage. This is undermining economic growth, forcing the closure of important production facilities and leading to the loss of high- paying, skilled jobs. (Conclusion, Paragraph 106) 48
Government Response
A response document is linked to this report, dated 21 January 2026. Response attribution to this conclusion has not been verified. Read the response document ↗