Buyers blast ‘cheap’ electricity claim
29 August 2012
Senior energy buyers have rubbished a report claiming that UK purchasers benefit from the lowest industrial electricity prices in western Europe.
A study by consultancy Accenture found that industry and commerce in the UK paid €3.88 per kiloWatt hour (kWh) in 2004 compared to €6.1/kWh in Germany and €7.14/kWh in Italy, the highest price paid, at pre-tax and volume-weighted prices.
The European Union average was €5.2/kWh. The study covers the period before 10 new members joined the EU.
Martin...